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 […]
September 2016 Electricity and Natural Gas Update
We’re halfway through September, winter is fast approaching – I have a simple message at this time: make sure you’re locked in for winter months for both electricity and natural gas. We need only remember Jan-Feb-March 2014 (very cold months) when gas pricing hit a high of $1.10/therm in one area of New York State […]
July 2016 Electricity and Natural Gas Updates
Natural gas futures moved higher in June and to date are moving bit lower in July. Current futures pricing mirrors year ago pricing. Current level of gas in storage is 3.14 trillion cubic feet (tcf) which is easily higher than last year at this time (2.64 tcf). Recall how hitting 3 tcf by November 1st […]
May 2016 Electricity and Natural Gas Update
Energy futures pricing continues to be “low and range bound” however, we’re coming into summer heat season as well as forecasting for hurricane activity in the Gulf of Mexico. Hot summer means potential for higher electricity and natural gas pricing; predictions for an active hurricane season also impact direction (higher) of energy prices. We’re in […]
April 2016 Electricity and Natural Gas Update
Our recent “winter that wasn’t” has resulted in huge year-on-year and year versus 5-year average surplus in natural gas inventory – 69% and 51% respectively. This surplus is something we have not seen during 17 years in this business. Lower than normal pricing for this time of year is upon us, however, it will not […]
March 2016 Electricity & Natural Gas Update
Below is current inventory of natural gas in storage (courtesy Energy Information Administration): Awash in gas, numbers above say it all. Per attached you’ll note continuing low natural gas futures pricing – given this winter (or lack of it) here in the Great Overtaxed Northeast, what you see is “what it is.” If you’re not […]
January/February 2016 Electricity & Natural Gas Update
Today is January 29th, this is our first Update of 2016, hard to believe we are just now contacting you. Must say January has been uneventful for the most part as unseasonably warm temperatures keep futures pricing stable and low. With forecasts calling for warmer-than-normal temperatures over the next two weeks, taking us into mid-February […]
December 2015 Electricity & Natural Gas Update
December’s warm weather combined with record amount of gas in storage has resulted in lower natural gas and electricity pricing. As stated previously, now is the time to lock in your rates if you’re not locked. Having price certainty going forward is prudent and a sound business decision. Please contact us anytime. Hard to believe […]
November 2015 Electricity & Natural Gas Update
The chart below is taken from U.S. Energy Information Administration, Nov. 25, 2015: Recall over the years how we would stress importance of reaching 3 trillion cubic feet of gas in storage by November 1st? Today we exceed 4 trillion cubic feet, the number is highlighted above. Plenty of gas. This number says it all […]