The end of 2023 has seen declining natural gas futures pricing due to warmer-than-normal December temperatures, robust production and ample gas in storage for the winter heating season. Barring any significant sustained cold during January and February we should not experience any significant upward pricing. That being said, sustained cold will change everything therefore highlighting the need to lock in your gas supply rate. If you are not locked in please contact me as soon as possible.

Regarding electricity pricing, fixed rates remain high with no real decline in sight. For numerous reasons, including federal and state mandates requiring construction of new renewable energy sources along with forced closure of fossil fuel generation plants, electricity markets remain volatile. Costs are skyrocketing. There is near-term concern about adequate electricity generation during the transition to renewables as well as long term supply reliability. Locking in your rate is advisable in some instances while signing an Indexed agreement is advisable in others. Please contact me to discuss.

Wishing all of you a happy holiday season. For me, it’s Christmas and all focus is on the birth of my Lord and Savior, Jesus Christ. May His peace and teachings be remembered and embraced this Christmas season and throughout 2024.

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/Text