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 […]
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 […]
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 […]
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 […]
January 2018 Electricity and Natural Gas Update
Today is last business/trading day of 2017 and to summarize the year: no surprises, stable pricing. A significant factor has been lack of “real winter temperatures” in the Northeast along with robust gas production. As we end 2017 and begin 2018 we’re experiencing direct opposite, specifically, “real winter temperatures” not seen since Jan-Feb-March 2014. There […]
December 2016/January 2017 Electricity and Natural Gas Update
Winter is officially here and with that comes seasonal “rally” in futures pricing. Per attached you’ll note approximately 10% rise since mid-July, nothing significant. Most of this increase occurred on Wednesday when market spiked significantly due to prediction for season’s first “massive withdrawal” from storage on Thursday. I must note that between mid-July and now […]
Merry Christmas and our Natural Gas/Electricity Update
Attached gas futures pricing shows result of warm December weather — lower pricing. Warm weather combined with drop in worldwide oil prices has produced pricing far different from what we were experiencing last year at this time when we were in the grips of sustained cold. Will this continue? Winter has yet to show up […]