You’ll note NYMEX futures pricing remains virtually unchanged over last nine months, no problem. With summer coming to an end and winter heating season not too far away, we need to look at level of gas in storage come November 1st which is “unofficial” start of the heating season. NYMEX futures pricing Current storage level […]
September 2017 Electricity and Natural Gas Update
Labor Day is here, officially signaling onset of Fall and more scrutiny on winter weather forecasts for the Northeast. Numerous predictions, including the well-known Farmers Almanac (think what you may) are calling for a cold and snowy winter in the Northeast. As stated repeatedly in previous posts, now is the time to look at locking […]
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 2015 Electricity & Natural Gas Update
It’s Labor Day, winter is closing in and it’s time to lock in both electricity and natural gas. With winter months now being the ones where electricity spikes the most, you cannot go into winter unprotected, too risky and costly. For those not locked in let’s get it done next week, pricing is favorable. Same […]