Today is last business/trading day of 2017 and to summarize the year: no surprises, stable pricing. A significant factor has been lack of “real winter temperatures” in the Northeast along with robust gas production. As we end 2017 and begin 2018 we’re experiencing direct opposite, specifically, “real winter temperatures” not seen since Jan-Feb-March 2014. There […]
November 2017 Electricity and Natural Gas update
Per the attached you’ll note 2017 has seen natural gas futures basically remain “range bound” with no significant movement. This due primarily to no extreme weather of any type throughout the year – no sustained cold during winter months or sustained heat during summer months. When this changes, and it will, pricing moves to the […]
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 […]
May 2017 Electricity and Natural Gas Update
Per attached you’ll note insignificant change in NYMEX futures pricing since January. Looming ahead is summer heat, potential hurricane activity and Winter 2017-2018 forecasts, all of which will impact the direction of futures pricing. Other factors include declining gas production, increased gas exports, and the relatively low amount of gas in storage here in the […]
March 2017 Electricity and Natural Gas Update
Another warm winter here in the Northeast and across the country has resulted in a surplus of natural gas in storage, specifically, 7% above the five-year average for this time of year. Gas futures pricing is falling as winter is essentially “over” with March 1st just two days away. Additionally, the 15-day weather forecast shifted […]
Winter 2017 Forecast
Attached NYMEX natural gas futures pricing sheet shows today’s monthly settlement prices and will be the benchmark for 2017 moving forward. This past week saw significant price drop as forecasts calling for colder-than-normal temperatures were revised, saying cold weather would not last as long as originally forecast. Here in Albany we’re looking at temperatures in […]
December 2016/January 2017 Electricity and Natural Gas Update
Winter is officially here and with that comes seasonal “rally” in futures pricing. Per attached you’ll note approximately 10% rise since mid-July, nothing significant. Most of this increase occurred on Wednesday when market spiked significantly due to prediction for season’s first “massive withdrawal” from storage on Thursday. I must note that between mid-July and now […]
September 2016 Electricity and Natural Gas Update
We’re halfway through September, winter is fast approaching – I have a simple message at this time: make sure you’re locked in for winter months for both electricity and natural gas. We need only remember Jan-Feb-March 2014 (very cold months) when gas pricing hit a high of $1.10/therm in one area of New York State […]
July 2016 Electricity and Natural Gas Updates
Natural gas futures moved higher in June and to date are moving bit lower in July. Current futures pricing mirrors year ago pricing. Current level of gas in storage is 3.14 trillion cubic feet (tcf) which is easily higher than last year at this time (2.64 tcf). Recall how hitting 3 tcf by November 1st […]
May 2016 Electricity and Natural Gas Update
Energy futures pricing continues to be “low and range bound” however, we’re coming into summer heat season as well as forecasting for hurricane activity in the Gulf of Mexico. Hot summer means potential for higher electricity and natural gas pricing; predictions for an active hurricane season also impact direction (higher) of energy prices. We’re in […]