Natural gas futures have fallen since last contacting you on March 21st, not surprising as winter and large consumption months are behind us. Pricing is significantly higher than year ago. Looking forward, there are a few factors driving the markets.

Tariff volatility is affecting the natural gas markets, to what extent long term remains to be seen. Regarding basic market fundamentals, gas production and gas consumption is at record levels, and forecasts are calling for record liquefied natural gas exports. On the surface this is bullish for futures pricing however, looking ahead, we need further clarification to see where pricing is headed.

Fixed rate electricity pricing is stabilizing to a certain degree, we continue to monitor all pricing options.    

Regards,

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