As we head into 2026 we continue to deal with high electricity pricing with no indication of lower pricing on the horizon. We are in a new “stratosphere” due to multiple factors mentioned in previous Updates. Driving factors continue to be increased consumer demand, AI demands and transition to renewable energy sources. Closure of reliable power generation […]
November Electricity & Natural Gas Update
As we approach December 1st, NYMEX futures pricing basically mirrors late-July pricing, with normal up and down variations during the four-month timeframe. Winter has arrived, here is today’s factors affecting what we may expect this winter. Record production of natural gas continues. Gas in storage is at ample levels. Cold weather in the Northeast is expected on Thanksgiving […]
2024 Year-End Electricity and Natural Gas Update
As we close out 2024, per the attached, you will note today’s pricing for upcoming, all important winter months natural gas futures contracts is lower by varying degrees than March 2024 pricing. Pricing fluctuated higher and lower over the last nine months, however for the most part pricing was nicely range bound. With one winter month […]
December 2024 Electricity and Natural Gas Update
As we head into Thanksgiving and winter heating season, natural gas futures are nicely positioned and as things currently stand, pricing looks favorable moving forward. Winter weather forecasts are calling for normal to warmer-than-normal temperatures for the Great Overtaxed Northeast along with periodic shots of frigid air. Futures markets can handle shots of cold weather although […]
October 2024 Electricity and Natural Gas Update
Natural gas futures pricing continues to be stable as we head into the winter heating season. Among the reasons for stable pricing is plenty of supply due to last winter being one of the warmest on record, resulting in high gas inventory at the conclusion of the winter heating season. Production remains robust in 2024 and […]
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 – 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 – February 2023
Warmer than normal winter weather is responsible for significant drop in natural gas futures pricing. Upon review of attached you’ll note big drop in futures pricing, during the month of January we experienced the biggest monthly drop in 22 years. Natural gas production continues to be strong, longer term forecasts continue to call for warmer […]
Christmas Greetings and Electricity and Natural Gas Update – End of 2022
Per the attached below, you will note a significant drop in natural gas futures pricing over the last 30 days, with the January contract falling by 35%. We usually do not see such a large drop during the month of December. Gas in storage for winter use is adequate and helps stabilize pricing. Currently we’re […]