As we head into 2026 we continue to deal with high electricity pricing with no indication of lower pricing on the horizon. We are in a new “stratosphere” due to multiple factors mentioned in previous Updates. Driving factors continue to be increased consumer demand, AI demands and transition to renewable energy sources. Closure of reliable power generation […]
November Electricity & Natural Gas Update
As we approach December 1st, NYMEX futures pricing basically mirrors late-July pricing, with normal up and down variations during the four-month timeframe. Winter has arrived, here is today’s factors affecting what we may expect this winter. Record production of natural gas continues. Gas in storage is at ample levels. Cold weather in the Northeast is expected on Thanksgiving […]
2024 Year-End Electricity and Natural Gas Update
As we close out 2024, per the attached, you will note today’s pricing for upcoming, all important winter months natural gas futures contracts is lower by varying degrees than March 2024 pricing. Pricing fluctuated higher and lower over the last nine months, however for the most part pricing was nicely range bound. With one winter month […]
December 2024 Electricity and Natural Gas Update
As we head into Thanksgiving and winter heating season, natural gas futures are nicely positioned and as things currently stand, pricing looks favorable moving forward. Winter weather forecasts are calling for normal to warmer-than-normal temperatures for the Great Overtaxed Northeast along with periodic shots of frigid air. Futures markets can handle shots of cold weather although […]
April 2024 Electricity and Natural Gas Update
This year’s natural gas narrative continues to be warm winter weather resulting in high inventory of gas in storage along with lower near term futures pricing. As mentioned in previous Update, lower pricing means production cuts and tighter supply which some say will lead to higher pricing down the road. I highly recommend looking now at renewal rates […]
Electricity and Natural Gas Update – Christmas 2023
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 […]
Electricity and Natural Gas Update – Thanksgiving 2023
Natural gas futures are lower since last contacting you a month ago with primary reasons being: current average seasonal temperatures, forecast for warmer than normal winter, robust production and high gas storage levels. At this time the only resistance to lower prices is strong Liquified Natural Gas exports (and long term commitments) which tempers how low […]
Electricity and Natural Gas Update – September 2023
Labor Day is here and it is time to think about upcoming winter heating costs (your price for natural gas) along with electricity costs. Winter is no longer only concern about natural gas heating costs but also higher electricity rates. The past two winters bare this out. If you were not on a fixed rate plan you paid […]
Electricity and Natural Gas Update – April 2023
Same theme continues in the natural gas world, warm winter here and in Europe has resulted in abundance of natural gas and large inventory of gas in storage in the United States. As we head into summer, gas in storage is 32% higher than year ago levels and 20% higher than five-year average. We should begin next […]
Christmas Greetings and Electricity and Natural Gas Update – End of 2022
Per the attached below, you will note a significant drop in natural gas futures pricing over the last 30 days, with the January contract falling by 35%. We usually do not see such a large drop during the month of December. Gas in storage for winter use is adequate and helps stabilize pricing. Currently we’re […]