Natural gas futures and electricity pricing remain high as we begin winter heating season. Futures jumped significantly today based on large gas storage withdrawal along with weather forecasts calling for much colder weather and higher heating demand over the next two weeks. Imagine that, cold weather forecasts for December having such an impact. As mentioned over […]
Happy Easter and Update
“Uncharted territory” best describes today’s energy futures pricing. With so many dynamics at work both in the United States and abroad there is simply no answer to the question, “How long will high prices continue until we see a pullback?” Patience is the word of the day, this situation must play itself out, and it will. Sending […]
Christmas Wishes and Electricity and Natural Gas Update 2021
Natural gas futures have fallen significantly since last contacting you at Thanksgiving due in large part to warmer-than-normal weather across the country. December futures contract closed at 5.45/Dth and currently the January contract is at 3.78 (30% lower) and will expire/settle next week. With the 10-day forecast absent of significant cold we can expect stable pricing to […]
Thanksgiving Wishes and Electricity and Natural Gas Update 2021
Natural gas futures are higher since last contacting you twelve days ago. Exports of liquefied natural gas remain strong and this factor alone limits downward pricing movement. Most significant pricing factor currently is winter weather forecasts for December and as of today, prediction is for warmer-than-normal temperatures to start the month. This may result is near […]
Electricity and Natural Gas Update – Happy New Year
As we close out 2020 and move into a new year, natural gas supply is ample and to date significant cold weather has not materialized, keeping a lid on pricing. Current forecasts call for continued normal weather with no sign of widespread cold until January 12th. As always this is subject to change however this […]
Electricity and Natural Gas Update – December 2020
Heading into winter we have what some call “massive oversupply” of natural gas which is good news. Knowing upcoming weather forecasts can drive the market up or down, creating volatility, the only way to ensure you will not experience significant price spikes is to lock in your electricity and natural gas rates. Sustained cold here […]
Electricity and Natural Gas Update – April 2020
Please allow me to offer my best wishes and thoughts as we confront the COVID-19 pandemic facing our country and the world. Be smart, be safe. As you are aware, energy prices are low across the world and with economic shutdown in place there is no reason to anticipate near-term changes. Energy supply is at […]
Happy Holidays and Energy Update at Year End 2019
As we close out 2019 and enter 2020, natural gas and electricity markets in 2019 experienced stable, lower pricing with excellent opportunities to lock in long term fixed price supply contracts. I am pleased many of you took advantage of the opportunity and look forward to doing same with others. Looking ahead, weather as always […]
December 2019 Electricity and Natural Gas Update and Happy Thanksgiving
With today’s settlement/expiration of the December natural gas contract, we close out a year of stable, favorable pricing driven by record production and, currently, forecasts for milder-than-normal December weather. This has created excellent opportunities throughout the year to lock in your electricity and natural gas supply rates through 2022 and beyond. Winter is upon us […]
December 2018 Electricity and Natural Gas Update
Bottom line as we begin winter is this – gas in storage for winter heating needs is 20% below both last year and 5-year average levels for this week of the year. The market experienced a significant spike at the end of November due to below average temperatures, and forecasts for a colder than normal […]