Natural gas futures continue to be most favorable ahead of upcoming hurricane and winter heating seasons. Compared with pricing nine months ago (see attached) and given unpredictable nature of commodity pricing and world events, now is the time to lock in your rate for 36 months. There is much greater probability for higher pricing than lower over the coming months.

We cannot forget the primary reason why natural gas futures are favorable today – warmer than normal winter last season in the US and Europe.

Regarding electricity, higher rates are here to stay for the foreseeable future. New York’s transition (some say rushed) to renewable energy is a factor along with longtime unresolved issues in the power market.  While today’s fixed rates are higher than past years, it’s a different landscape out there. Many variables.  Locking in your rate remains the best hedge against runaway market rates.

Regards,

John Thomas
Upstate Utilities, Inc.
2592 Western Ave. Suite 201
Altamont, NY 12009
518-355-4761 Office
518-391-2370 Fax
518-225-8098 Cell