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 […]
December 2017 Energy Update – Significant Upside Potential
Over the years we have tried our best to help you manage your electricity and natural gas supply costs. Utilizing multiple suppliers, our goal is to lock in your 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 […]
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 […]
June 2017 Electricity and Natural Gas Update
Natural gas futures pricing is most favorable at this time. Lack of summer heat, along with current forecasts calling for cooler-to-normal temperatures near-term here in the Great Overtaxed Northeast have resulted in lower futures pricing. Increased gas production is also a factor. Electricity pricing is improving as well, leading to favorable fixed rates. Current conditions […]
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 […]
April 2017 Electricity and Natural Gas Update
Our main concern moving forward is simple: natural gas exports are rising while natural gas production, specifically from shale basins, is falling. Result is “uncertainty” over meeting obligations this winter which in turn causes volatility in natural gas markets. Near term futures pricing generally is impacted to a greater degree than outer months. This is […]
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 […]