The document attached below reflects Friday, October 28th NYMEX closing prices. You will note a nice decrease over last month and a half, with factors such as record gas production, ample gas in storage and warm weather being driving forces bringing futures pricing down. As I write on this Monday afternoon futures pricing is up significantly due […]
Electricity and Natural Gas Update – October 2022
Per attached NYMEX Futures below you will note natural gas futures have fallen significantly since last communication. Futures do remain high however, though much more favorable at this time. Winter is upon us and market movers include weather forecasts, storage volume and record high domestic production. Over last three trading days futures fell significantly due to: […]
Electricity and Natural Gas Update – September 2022
Electricity and natural gas pricing remains very high as we approach winter heating season. With approximately 40% of U.S. electricity generation fueled by high-priced natural gas, we can expect continued high priced electricity rates for the foreseeable future. Consumers will also see very high natural gas heating bills this winter. Natural gas futures pricing remains high due […]
Electricity and Natural Gas Update – February 2022
Sustained cold in January here in the Northeast resulted in price spikes for electricity and natural gas not seen since 2014. Utility rates are skyrocketing and that’s the beauty of signing fixed rate contracts at the appropriate time, when energy futures are down. Timing and execution is everything. There are numerous factors causing price spikes however […]
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 […]
Electricity and Natural Gas Update – October 2021
Energy pricing continues its surge that began earlier this year due to variety of issues spelled out in previous posts. Current factors include tight storage as we head into winter, for example here in the Great Overtaxed Northeast our region’s storage supply is 8% lower than year ago, 5% lower than 5-year average. This is […]
Happy Thanksgiving and a Quick Energy Pricing Update
November’s cold weather triggered natural gas (futures) price spikes this month resulting in gains as much as 48% at its peak. Trading volume hit an all-time high of 1.2 million contracts on Wednesday, November 14th. All this action primarily due to short covering, lower than normal gas storage levels (-16.6% yr. ago, -18.6% 5-yr. avg.) […]
July 2018 Electricity and Natural Gas Update
Electricity and natural gas pricing continues to be stable while crude oil has risen sharply, currently over $73 a barrel. Last week saw record high natural gas production which offset bullish weather (heat) across much of the US. In the past this heat wave would trigger sharp increases in natural gas futures and electricity pricing […]
May 2018 Electricity and Natural Gas Update
Since last contacting all of you on March 30th there is virtually no change in natural gas futures pricing, in fact, no change in pricing since December 7, 2017. There is no change in our forward recommendation: lock in your electricity and natural gas rates through 2022. Excellent long term fixed rates are available, do […]
April 2018 Electricity and Natural Gas Update
Since last contacting all of you in February, my message remains the same: lock in your rates through at least 2021, preferably 2022. Excellent long term fixed rates are available and must be taken advantage of before they’re gone. And they will disappear. Often I have mentioned (warned) my concern for price spikes during winter […]