Recent NYMEX activity is typical for month of May as heating season is behind us and summer cooling season is upon us. Storage injections for next winter’s use are healthy with no major concerns for ample storage by November 1st. This is always tempered by level of summer cooling demand and increased consumption of electricity (supplied by natural gas generation units) to meet that demand.  Warmer than normal summer can mean higher NYMEX futures pricing. 

The National Oceanic and Atmospheric Administration said last week there is a 60% chance of an above-normal hurricane season this year. Should we have an active hurricane season NYMEX futures will jump and pricing for electricity and natural gas will be higher. I continue to strongly urge everyone to lock in your electricity and natural gas rates now, attractive rates are available.

Regards,
John Thomas