Natural gas futures and electricity pricing remain high as we begin winter heating season. Futures jumped significantly today based on large gas storage withdrawal along with weather forecasts calling for much colder weather and higher heating demand over the next two weeks. Imagine that, cold weather forecasts for December having such an impact. As mentioned over […]
Electricity and Natural Gas Update – November 2022
The document attached below reflects Friday, October 28th NYMEX closing prices. You will note a nice decrease over last month and a half, with factors such as record gas production, ample gas in storage and warm weather being driving forces bringing futures pricing down. As I write on this Monday afternoon futures pricing is up significantly due […]
Electricity and Natural Gas Update – October 2022
Per attached NYMEX Futures below you will note natural gas futures have fallen significantly since last communication. Futures do remain high however, though much more favorable at this time. Winter is upon us and market movers include weather forecasts, storage volume and record high domestic production. Over last three trading days futures fell significantly due to: […]
Electricity and Natural Gas Update – September 2022
Electricity and natural gas pricing remains very high as we approach winter heating season. With approximately 40% of U.S. electricity generation fueled by high-priced natural gas, we can expect continued high priced electricity rates for the foreseeable future. Consumers will also see very high natural gas heating bills this winter. Natural gas futures pricing remains high due […]
Electricity and Natural Gas Update – February 2022
Sustained cold in January here in the Northeast resulted in price spikes for electricity and natural gas not seen since 2014. Utility rates are skyrocketing and that’s the beauty of signing fixed rate contracts at the appropriate time, when energy futures are down. Timing and execution is everything. There are numerous factors causing price spikes however […]
Christmas Wishes and Electricity and Natural Gas Update 2021
Natural gas futures have fallen significantly since last contacting you at Thanksgiving due in large part to warmer-than-normal weather across the country. December futures contract closed at 5.45/Dth and currently the January contract is at 3.78 (30% lower) and will expire/settle next week. With the 10-day forecast absent of significant cold we can expect stable pricing to […]
Electricity and Natural Gas Update – November 2021
We are seeing bit of a pull back from recent spikes in natural gas futures and electricity pricing. On Thursday the U.S. Energy Information Association reported a build in natural gas storage inventory for week ending November 5th and predict another build/injection next week when storage inventory is reported for week ending November 12th. Normally […]
Electricity and Natural Gas Update – October 2021
Energy pricing continues its surge that began earlier this year due to variety of issues spelled out in previous posts. Current factors include tight storage as we head into winter, for example here in the Great Overtaxed Northeast our region’s storage supply is 8% lower than year ago, 5% lower than 5-year average. This is […]
Electricity and Natural Gas Update – September 2021
Since August 1st we have seen a big run up in natural gas futures pricing (see attached) for a variety of reasons: the U.S. continues to export record volume of natural gas overseas; lower than normal storage gas levels heading into winter; warmer-than-normal temperatures forecast through September; and slow recovery of production and processing of […]
Electricity and Natural Gas Update – December 2020
Heading into winter we have what some call “massive oversupply” of natural gas which is good news. Knowing upcoming weather forecasts can drive the market up or down, creating volatility, the only way to ensure you will not experience significant price spikes is to lock in your electricity and natural gas rates. Sustained cold here […]