In April I mentioned, “looking ahead, we need further clarification to see where pricing is headed.” Regarding natural gas, per attached, gas futures are nicely lower and I recommend signing 24 or 36 month fixed rate contracts. In today’s world there is significantly greater chance for upside pricing than downside. Regarding electricity, below is information […]
June 2024 Electricity and Natural Gas Update
Last week I updated homepage information on our website, here it is for this month’s update. Summer 2024 is here and it is time to look at electricity and natural gas supply pricing options. A common concern among business owners is knowing when to lock in your rates and for how long. With 25 years experience in electricity […]
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 – July 2022
The numbers are high. No need to state the obvious regarding high energy costs however here we are on July 19th trying to anticipate where we’re headed. Numerous factors are at play other than worldwide unrest. This summer’s record heat across the nation continues with NatGasWeather’s 15-day weather models calling for “the greatest number of cooling […]
Electricity and Natural Gas Update – June 2022
We continue to experience record high energy prices across the board with no clear end in sight. Taking things day-to-day may be the best (or only) policy these days, we will see. Natural gas is a significant source of energy for electricity generation. Over recent weeks U.S. power generators used more natural gas due to […]
Electricity and Natural Gas Update – July 2021
Energy pricing is moving higher, electricity and natural gas included. Natural gas is used extensively in generating electricity and with its notable year-to-date increase (see attached futures report) consumers are seeing or will see higher utility bills. Bottom line, demand is high and supply is tight due to increased exports of liquefied natural gas, increased […]
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 […]
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 […]
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 […]