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 – 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 – December 2020
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 […]
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 […]
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 […]