Since last writing to everyone just before Christmas, the energy markets spiked during sustained, record cold temperatures during winter resulting in record high electricity prices. As things began to settle down end of February, military action began in Iran in March and again energy markets spiked. Uncertainty is the word moving forward.

Regarding natural gas pricing, this is the lone bright spot as U.S. natural gas markets are not directly impacted by Middle East turmoil.  Yes, natural gas spiked this winter and is falling back. I encourage everyone to lock in your rate now “while things are good” at least through 2028. Natural gas is a commodity and in this current environment nothing can be ruled out.

Electricity is a different scenario.  Multiple factors are involved: New York state’s closing of reliable electricity generation plants in favor of unreliable renewable energy sources contribute to soaring prices.  Electricity demand is rising significantly. AI needs and our aging electricity transmission and distribution system is a problem. Government policy needs to change. I recommend locking your rate or going with an available pricing plan protecting you from seasonal price spikes. Again, sign an agreement through at least 2028.

Wishing everyone peace during Passover and remembrance of Jesus resurrection on Easter Sunday.  Special words from Jesus ring true more and more the older I get: “My peace I give to you, not as the world gives.”  

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