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 […]
Christmas Wishes and Electricity and Natural Gas Update 2021
Natural gas futures have fallen significantly since last contacting you at Thanksgiving due in large part to warmer-than-normal weather across the country. December futures contract closed at 5.45/Dth and currently the January contract is at 3.78 (30% lower) and will expire/settle next week. With the 10-day forecast absent of significant cold we can expect stable pricing to […]
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 […]
Electricity and Natural Gas Update – September 2021
Since August 1st we have seen a big run up in natural gas futures pricing (see attached) for a variety of reasons: the U.S. continues to export record volume of natural gas overseas; lower than normal storage gas levels heading into winter; warmer-than-normal temperatures forecast through September; and slow recovery of production and processing of […]
Electricity and Natural Gas Update – July 2021
Energy pricing is moving higher, electricity and natural gas included. Natural gas is used extensively in generating electricity and with its notable year-to-date increase (see attached futures report) consumers are seeing or will see higher utility bills. Bottom line, demand is high and supply is tight due to increased exports of liquefied natural gas, increased […]
Electricity and Natural Gas Update – June 2021
Recent NYMEX activity is typical for month of May as heating season is behind us and summer cooling season is upon us. Storage injections for next winter’s use are healthy with no major concerns for ample storage by November 1st. This is always tempered by level of summer cooling demand and increased consumption of electricity (supplied by […]
Electricity and Natural Gas Update – March 2021
The story of the week has to be the historic deep freeze in Central USA and severe problems in Texas. Spot natural gas pricing in Texas spiked to unseen, unrecorded pricing resulting in the highest ever customer pricing for electricity and natural gas. We in the Northeast experienced tremendous spikes in electricity and gas pricing […]
Electricity and Natural Gas Update – Happy New Year
As we close out 2020 and move into a new year, natural gas supply is ample and to date significant cold weather has not materialized, keeping a lid on pricing. Current forecasts call for continued normal weather with no sign of widespread cold until January 12th. As always this is subject to change however this […]