This year’s natural gas narrative continues to be warm winter weather resulting in high inventory of gas in storage along with lower near term futures pricing. As mentioned in previous Update, lower pricing means production cuts and tighter supply which some say will lead to higher pricing down the road. I highly recommend looking now at renewal rates […]
Electricity and Natural Gas Update – March 2024
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 – Christmas 2023
The end of 2023 has seen declining natural gas futures pricing due to warmer-than-normal December temperatures, robust production and ample gas in storage for the winter heating season. Barring any significant sustained cold during January and February we should not experience any significant upward pricing. That being said, sustained cold will change everything therefore highlighting […]
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 – October 2023
This is a first in my nearly 22 years in sending this Update to all of you. Below is most recent Update sent on August 31st and today’s thoughts are same as below (please read again) with the exception of language highlighted in yellow. First, Middle East tensions need no commentary. Second, bulk of hurricane […]
Electricity and Natural Gas Update – September 2023
Labor Day is here and it is time to think about upcoming winter heating costs (your price for natural gas) along with electricity costs. Winter is no longer only concern about natural gas heating costs but also higher electricity rates. The past two winters bare this out. If you were not on a fixed rate plan you paid […]
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 […]