Over the years I have tried my best to help manage your electricity and natural gas supply costs. Utilizing multiple suppliers, our goal is to lock in supply costs at favorable rates, for specific timeframes, based on commodity pricing and other factors such as weather forecasts, production and generation levels and personal experience in the […]
February 2018 Electricity and Natural Gas Update
In addition to the regular attachment there is a reprint of the December 7, 2017 message to our clients. Please take time to review as it remains the message today. Over the years l have tried my best to help manage your electricity and natural gas supply costs. Utilizing multiple suppliers, our goal is to […]
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 […]
November 2017 Electricity and Natural Gas update
Per the attached you’ll note 2017 has seen natural gas futures basically remain “range bound” with no significant movement. This due primarily to no extreme weather of any type throughout the year – no sustained cold during winter months or sustained heat during summer months. When this changes, and it will, pricing moves to the […]
May 2017 Electricity and Natural Gas Update
Per attached you’ll note insignificant change in NYMEX futures pricing since January. Looming ahead is summer heat, potential hurricane activity and Winter 2017-2018 forecasts, all of which will impact the direction of futures pricing. Other factors include declining gas production, increased gas exports, and the relatively low amount of gas in storage here in the […]
March 2017 Electricity and Natural Gas Update
Another warm winter here in the Northeast and across the country has resulted in a surplus of natural gas in storage, specifically, 7% above the five-year average for this time of year. Gas futures pricing is falling as winter is essentially “over” with March 1st just two days away. Additionally, the 15-day weather forecast shifted […]
February 2017 Electricity and Natural Gas Update
Per attached you’ll note natural gas futures pricing is somewhat lower since last contacting all of you. This winter is becoming much like last winter – mild December followed by early-January cold blasts, followed by a milder mid-to-late January. Warming spell is forecast for part of next week that will bring total heating degree days […]
Winter 2017 Forecast
Attached NYMEX natural gas futures pricing sheet shows today’s monthly settlement prices and will be the benchmark for 2017 moving forward. This past week saw significant price drop as forecasts calling for colder-than-normal temperatures were revised, saying cold weather would not last as long as originally forecast. Here in Albany we’re looking at temperatures in […]
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 […]
October and November 2016 Electricity and Natural Gas Update
Here we are on the last day of October with the largest inventory ever (on this date) of natural gas in storage – 3.91 trillion cubic feet (TCF). Predictions call for a record 4+ TCF before winter drawdown begins. Only sustained cold temperatures this winter will significantly impact the large surplus of natural gas available […]