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 […]
Happy Thanksgiving and a Quick Energy Pricing Update
November’s cold weather triggered natural gas (futures) price spikes this month resulting in gains as much as 48% at its peak. Trading volume hit an all-time high of 1.2 million contracts on Wednesday, November 14th. All this action primarily due to short covering, lower than normal gas storage levels (-16.6% yr. ago, -18.6% 5-yr. avg.) […]
November 2018 Electricity and Natural Gas Update
Despite record natural gas production this summer, we began the official winter heating season (November 1st) with gas storage inventories at their lowest level in 15 years. Hot summer weather, liquefied natural gas demand, exports and increased industrial usage have resulted in lower-than-anticipated inventories. NYMEX futures pricing. While long term outlook for natural gas pricing […]
September 2018 Electricity and Natural Gas Update
You’ll note NYMEX futures pricing remains virtually unchanged over last nine months, no problem. With summer coming to an end and winter heating season not too far away, we need to look at level of gas in storage come November 1st which is “unofficial” start of the heating season. NYMEX futures pricing Current storage level […]
July 2018 Electricity and Natural Gas Update
Electricity and natural gas pricing continues to be stable while crude oil has risen sharply, currently over $73 a barrel. Last week saw record high natural gas production which offset bullish weather (heat) across much of the US. In the past this heat wave would trigger sharp increases in natural gas futures and electricity pricing […]
May 2018 Electricity and Natural Gas Update
Since last contacting all of you on March 30th there is virtually no change in natural gas futures pricing, in fact, no change in pricing since December 7, 2017. There is no change in our forward recommendation: lock in your electricity and natural gas rates through 2022. Excellent long term fixed rates are available, do […]
April 2018 Electricity and Natural Gas Update
Since last contacting all of you in February, my message remains the same: lock in your rates through at least 2021, preferably 2022. Excellent long term fixed rates are available and must be taken advantage of before they’re gone. And they will disappear. Often I have mentioned (warned) my concern for price spikes during winter […]
Our recommendation
Over the years I have tried my best to help manage your electricity and natural gas supply costs. Utilizing multiple suppliers, our goal is to lock in supply costs at favorable rates, for specific timeframes, based on commodity pricing and other factors such as weather forecasts, production and generation levels and personal experience in the […]
February 2018 Electricity and Natural Gas Update
In addition to the regular attachment there is a reprint of the December 7, 2017 message to our clients. Please take time to review as it remains the message today. Over the years l have tried my best to help manage your electricity and natural gas supply costs. Utilizing multiple suppliers, our goal is to […]