This year’s natural gas narrative continues to be warm winter weather resulting in high inventory of gas in storage along with lower near term futures pricing. As mentioned in previous Update, lower pricing means production cuts and tighter supply which some say will lead to higher pricing down the road. I highly recommend looking now at renewal rates […]
Electricity and Natural Gas Update – Thanksgiving 2023
Natural gas futures are lower since last contacting you a month ago with primary reasons being: current average seasonal temperatures, forecast for warmer than normal winter, robust production and high gas storage levels. At this time the only resistance to lower prices is strong Liquified Natural Gas exports (and long term commitments) which tempers how low […]
Electricity and Natural Gas Update – October 2023
This is a first in my nearly 22 years in sending this Update to all of you. Below is most recent Update sent on August 31st and today’s thoughts are same as below (please read again) with the exception of language highlighted in yellow. First, Middle East tensions need no commentary. Second, bulk of hurricane […]
Electricity and Natural Gas Update – September 2023
Labor Day is here and it is time to think about upcoming winter heating costs (your price for natural gas) along with electricity costs. Winter is no longer only concern about natural gas heating costs but also higher electricity rates. The past two winters bare this out. If you were not on a fixed rate plan you paid […]
Electricity and Natural Gas Update – July 2023
Natural gas futures continue to be most favorable ahead of upcoming hurricane and winter heating seasons. Compared with pricing nine months ago (see attached) and given unpredictable nature of commodity pricing and world events, now is the time to lock in your rate for 36 months. There is much greater probability for higher pricing than lower over […]
Electricity and Natural Gas Update – June 2023 UPDATE
Last week I mentioned that I would be in touch regarding my thoughts on electricity pricing going forward. This is my 25th year of gas and electricity sales, and electricity markets are as complicated and unpredictable as I have ever seen. The past two years have seen tremendous increases in market price per Kwh, to rates […]
Electricity and Natural Gas Update – November 2022
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 – July 2022
The numbers are high. No need to state the obvious regarding high energy costs however here we are on July 19th trying to anticipate where we’re headed. Numerous factors are at play other than worldwide unrest. This summer’s record heat across the nation continues with NatGasWeather’s 15-day weather models calling for “the greatest number of cooling […]