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 […]
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 […]
February 2017 Electricity and Natural Gas Update
Per attached you’ll note natural gas futures pricing is somewhat lower since last contacting all of you. This winter is becoming much like last winter – mild December followed by early-January cold blasts, followed by a milder mid-to-late January. Warming spell is forecast for part of next week that will bring total heating degree days […]
April 2016 Electricity and Natural Gas Update
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 […]
March Energy Update – Spring is here
Winter is over, just a formality for Spring to officially arrive one week from today. There may be shots of cold here and there, however Spring has sprung. Good riddance to a long, cold and windy winter. And to high electricity rates. Late last year we wrote all of you offering the thought that Winter […]