April is here and winter heating season is officially over. Focus now is on inventory restocking for next winter and prospects for ample supply to do so. There is no reason to believe any substantive challenges to restocking for next winter exist at this time. I always remind you however that an active hurricane season […]
Energy deregulation
Electricity and Natural Gas Update – March 2021
The story of the week has to be the historic deep freeze in Central USA and severe problems in Texas. Spot natural gas pricing in Texas spiked to unseen, unrecorded pricing resulting in the highest ever customer pricing for electricity and natural gas. We in the Northeast experienced tremendous spikes in electricity and gas pricing […]
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 – November 2020
With winter upon us the good news is, there is nearly 4 trillion cubic feet of natural gas in storage for the nation’s winter heating season. This number is close to record-high, and barring any sustained cold here in the Great Northeast, both gas and electricity pricing should be reasonable this winter. However as I say […]
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 […]
September 2019 Electricity and Natural Gas Update
Natural gas near-term futures pricing is higher of late due to Hurricane Dorian and onset of official hurricane season, along with colder months just ahead. This is normal commodity activity this time of year however, production and supply levels are strong and such factors normally restrain any substantive price increases. Futures pricing is very attractive […]
July 2019 Electricity and Natural Gas Update
Natural gas production hit all-time high recently and this bodes well for continued favorable, stable futures pricing. Demand for natural gas is up 4.8% over year ago while supply is up 7% for same timeframe. Overall outlook for coming months is continued stable pricing. I always express caution this time of year as unknown factor […]