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 […]
Electricity and Natural Gas Update – June 2022
We continue to experience record high energy prices across the board with no clear end in sight. Taking things day-to-day may be the best (or only) policy these days, we will see. Natural gas is a significant source of energy for electricity generation. Over recent weeks U.S. power generators used more natural gas due to […]
Electricity and Natural Gas Update – April 2022
Natural gas futures settled today at their highest price since December 2008 and is up 70% for the year. Current natural gas inventory is down 21% from year ago and given today’s world situation, predicting where we’re headed is difficult at best. We now need to take at look at Europe’s inventory as well – down […]
Electricity and Natural Gas Update – March 2022
Bottom line as I write is high energy prices and the situation in The Ukraine, where this leads remains to be seen. Please contact me with any questions regarding your personal situation.
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 […]
Thanksgiving Wishes and Electricity and Natural Gas Update 2021
Natural gas futures are higher since last contacting you twelve days ago. Exports of liquefied natural gas remain strong and this factor alone limits downward pricing movement. Most significant pricing factor currently is winter weather forecasts for December and as of today, prediction is for warmer-than-normal temperatures to start the month. This may result is near […]
Electricity and Natural Gas Update – November 2021
We are seeing bit of a pull back from recent spikes in natural gas futures and electricity pricing. On Thursday the U.S. Energy Information Association reported a build in natural gas storage inventory for week ending November 5th and predict another build/injection next week when storage inventory is reported for week ending November 12th. Normally […]
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 […]