Our unusually mild winter continues, resulting in high inventory of natural gas along with falling near term monthly futures pricing. Forecasts are calling for warmer-than-normal temperatures through mid-March. Last week a large gas production company announced a 30% production cut in 2024 due to low prices and the market spiked 13%. Prices have settled down since […]
Electricity and Natural Gas Update – February 2024
On this last day of January 2024, natural gas futures are lower due primarily to warm winter weather throughout the United States. There is no weather driven demand near term, there is however talk of possible cold pattern settling in for second half of February. I will keep you informed. Fixed rate electricity pricing remains […]
Electricity and Natural Gas Update – Thanksgiving 2023
Natural gas futures are lower since last contacting you a month ago with primary reasons being: current average seasonal temperatures, forecast for warmer than normal winter, robust production and high gas storage levels. At this time the only resistance to lower prices is strong Liquified Natural Gas exports (and long term commitments) which tempers how low […]
Electricity and Natural Gas Update – July 2023
Natural gas futures continue to be most favorable ahead of upcoming hurricane and winter heating seasons. Compared with pricing nine months ago (see attached) and given unpredictable nature of commodity pricing and world events, now is the time to lock in your rate for 36 months. There is much greater probability for higher pricing than lower over […]
Electricity and Natural Gas Update – June 2023 UPDATE
Last week I mentioned that I would be in touch regarding my thoughts on electricity pricing going forward. This is my 25th year of gas and electricity sales, and electricity markets are as complicated and unpredictable as I have ever seen. The past two years have seen tremendous increases in market price per Kwh, to rates […]
Electricity and Natural Gas Update – June 2023
Upon reviewing attached natural gas futures pricing it’s clear the decline from September 2022 to present is substantial and now is the time to move forward with locking in your natural gas supply. Given “where we were” nine months ago, it is somewhat miraculous that very favorable pricing is available today. Now is the time to […]
Electricity and Natural Gas Update – April 2023
Same theme continues in the natural gas world, warm winter here and in Europe has resulted in abundance of natural gas and large inventory of gas in storage in the United States. As we head into summer, gas in storage is 32% higher than year ago levels and 20% higher than five-year average. We should begin next […]
Electricity and Natural Gas Update – March 2023
Natural gas futures remain at much lower levels than six months ago, warm winter weather is the main reason. Market is down. It is time to look at locking in long term natural gas rates and in some instances electricity, too. My advice remains the same as six weeks ago – lock in for the long term, […]
Electricity and Natural Gas Update – February 2023
Warmer than normal winter weather is responsible for significant drop in natural gas futures pricing. Upon review of attached you’ll note big drop in futures pricing, during the month of January we experienced the biggest monthly drop in 22 years. Natural gas production continues to be strong, longer term forecasts continue to call for warmer […]
Christmas Greetings and Electricity and Natural Gas Update – End of 2022
Per the attached below, you will note a significant drop in natural gas futures pricing over the last 30 days, with the January contract falling by 35%. We usually do not see such a large drop during the month of December. Gas in storage for winter use is adequate and helps stabilize pricing. Currently we’re […]