Our recent “winter that wasn’t” has resulted in huge year-on-year and year versus 5-year average surplus in natural gas inventory – 69% and 51% respectively. This surplus is something we have not seen during 17 years in this business. Lower than normal pricing for this time of year is upon us, however, it will not […]
March 2016 Electricity & Natural Gas Update
Below is current inventory of natural gas in storage (courtesy Energy Information Administration): Awash in gas, numbers above say it all. Per attached you’ll note continuing low natural gas futures pricing – given this winter (or lack of it) here in the Great Overtaxed Northeast, what you see is “what it is.” If you’re not […]
January/February 2016 Electricity & Natural Gas Update
Today is January 29th, this is our first Update of 2016, hard to believe we are just now contacting you. Must say January has been uneventful for the most part as unseasonably warm temperatures keep futures pricing stable and low. With forecasts calling for warmer-than-normal temperatures over the next two weeks, taking us into mid-February […]
December 2015 Electricity & Natural Gas Update
December’s warm weather combined with record amount of gas in storage has resulted in lower natural gas and electricity pricing. As stated previously, now is the time to lock in your rates if you’re not locked. Having price certainty going forward is prudent and a sound business decision. Please contact us anytime. Hard to believe […]
November 2015 Electricity & Natural Gas Update
The chart below is taken from U.S. Energy Information Administration, Nov. 25, 2015: Recall over the years how we would stress importance of reaching 3 trillion cubic feet of gas in storage by November 1st? Today we exceed 4 trillion cubic feet, the number is highlighted above. Plenty of gas. This number says it all […]
October 2015 Electricity & Natural Gas Update
Bottom line: there is ample supply of natural gas in storage for coming winter, some say we may hit a record 4 trillion cubic feet by November 1st. Futures pricing is most favorable, if you’re not locked in for either natural gas or electricity – now is the time. Please contact us. Gas in storage […]
September 2015 Electricity & Natural Gas Update
It’s Labor Day, winter is closing in and it’s time to lock in both electricity and natural gas. With winter months now being the ones where electricity spikes the most, you cannot go into winter unprotected, too risky and costly. For those not locked in let’s get it done next week, pricing is favorable. Same […]
August 2015 Electricity & Natural Gas Update
We continue to write same basic message – there’s plenty of natural gas both in storage and “on the pipelines” resulting in stable, lower pricing (attachment makes this clear). Locking in your gas supply price for two or three years is a “must do” in most utilities here in New York state. If you’re not […]
July 2015 Electricity & Natural Gas Update
Wishing all of you an enjoyable Fourth of July holiday. Per the attached you’ll note NYMEX natural gas futures virtually unchanged over last 90 days — we’ve had a few small price spikes along the way however, things always settle down due to robust production and fact that we’re running a supply surplus year-on-year. Current […]
June 2015 Electricity and Natural Gas Update
You’ll note virtually unchanged pricing since April 30th. First things first, below is latest information on gas in storage, per U.S. Energy Information Administration: NYMEX Henry Hub Natural Gas Wellhead Monthly Settlement Pricing To the point, there is plenty of gas, weekly injections are strong and come November 1st the amount of gas in storage […]