Heading into winter we have what some call “massive oversupply” of natural gas which is good news. Knowing upcoming weather forecasts can drive the market up or down, creating volatility, the only way to ensure you will not experience significant price spikes is to lock in your electricity and natural gas rates. Sustained cold here […]
Electricity and Natural Gas Update – November 2020
With winter upon us the good news is, there is nearly 4 trillion cubic feet of natural gas in storage for the nation’s winter heating season. This number is close to record-high, and barring any sustained cold here in the Great Northeast, both gas and electricity pricing should be reasonable this winter. However as I say […]
Electricity and Natural Gas Update – April 2020
Please allow me to offer my best wishes and thoughts as we confront the COVID-19 pandemic facing our country and the world. Be smart, be safe. As you are aware, energy prices are low across the world and with economic shutdown in place there is no reason to anticipate near-term changes. Energy supply is at […]
Happy Holidays and Energy Update at Year End 2019
As we close out 2019 and enter 2020, natural gas and electricity markets in 2019 experienced stable, lower pricing with excellent opportunities to lock in long term fixed price supply contracts. I am pleased many of you took advantage of the opportunity and look forward to doing same with others. Looking ahead, weather as always […]
December 2019 Electricity and Natural Gas Update and Happy Thanksgiving
With today’s settlement/expiration of the December natural gas contract, we close out a year of stable, favorable pricing driven by record production and, currently, forecasts for milder-than-normal December weather. This has created excellent opportunities throughout the year to lock in your electricity and natural gas supply rates through 2022 and beyond. Winter is upon us […]
September 2019 Electricity and Natural Gas Update
Natural gas near-term futures pricing is higher of late due to Hurricane Dorian and onset of official hurricane season, along with colder months just ahead. This is normal commodity activity this time of year however, production and supply levels are strong and such factors normally restrain any substantive price increases. Futures pricing is very attractive […]
July 2019 Electricity and Natural Gas Update
Natural gas production hit all-time high recently and this bodes well for continued favorable, stable futures pricing. Demand for natural gas is up 4.8% over year ago while supply is up 7% for same timeframe. Overall outlook for coming months is continued stable pricing. I always express caution this time of year as unknown factor […]
March 2019 Electricity and Natural Gas Update
March is here, winter’s about over meaning near term weather/temperature driven impacts on the market will be minimal. Now we look to basic fundamentals such as end of winter gas storage levels, gas production levels and liquefied natural gas (LNG) exports. Current gas storage is 9% below year-ago level and 21% below five-year average. Gas […]
February 2019 Electricity and Natural Gas Update
Click here for an initial showing of 2019 natural gas monthly futures numbers – February 12, 2019 settlement numbers. These numbers are baseline going forward in 2019. Due to lack of sustained cold and periodic warm ups in the Northeast, we have not experienced significant price spikes so far this winter, in fact futures have fallen […]
December 2018 Electricity and Natural Gas Update
Bottom line as we begin winter is this – gas in storage for winter heating needs is 20% below both last year and 5-year average levels for this week of the year. The market experienced a significant spike at the end of November due to below average temperatures, and forecasts for a colder than normal […]