With winter upon us the good news is, there is nearly 4 trillion cubic feet of natural gas in storage for the nation’s winter heating season. This number is close to record-high, and barring any sustained cold here in the Great Northeast, both gas and electricity pricing should be reasonable this winter. However as I say […]
Happy Holidays and Energy Update at Year End 2019
As we close out 2019 and enter 2020, natural gas and electricity markets in 2019 experienced stable, lower pricing with excellent opportunities to lock in long term fixed price supply contracts. I am pleased many of you took advantage of the opportunity and look forward to doing same with others. Looking ahead, weather as always […]
December 2019 Electricity and Natural Gas Update and Happy Thanksgiving
With today’s settlement/expiration of the December natural gas contract, we close out a year of stable, favorable pricing driven by record production and, currently, forecasts for milder-than-normal December weather. This has created excellent opportunities throughout the year to lock in your electricity and natural gas supply rates through 2022 and beyond. Winter is upon us […]
September 2019 Electricity and Natural Gas Update
Natural gas near-term futures pricing is higher of late due to Hurricane Dorian and onset of official hurricane season, along with colder months just ahead. This is normal commodity activity this time of year however, production and supply levels are strong and such factors normally restrain any substantive price increases. Futures pricing is very attractive […]
February 2019 Electricity and Natural Gas Update
Click here for an initial showing of 2019 natural gas monthly futures numbers – February 12, 2019 settlement numbers. These numbers are baseline going forward in 2019. Due to lack of sustained cold and periodic warm ups in the Northeast, we have not experienced significant price spikes so far this winter, in fact futures have fallen […]
Happy Thanksgiving and a Quick Energy Pricing Update
November’s cold weather triggered natural gas (futures) price spikes this month resulting in gains as much as 48% at its peak. Trading volume hit an all-time high of 1.2 million contracts on Wednesday, November 14th. All this action primarily due to short covering, lower than normal gas storage levels (-16.6% yr. ago, -18.6% 5-yr. avg.) […]
November 2018 Electricity and Natural Gas Update
Despite record natural gas production this summer, we began the official winter heating season (November 1st) with gas storage inventories at their lowest level in 15 years. Hot summer weather, liquefied natural gas demand, exports and increased industrial usage have resulted in lower-than-anticipated inventories. NYMEX futures pricing. While long term outlook for natural gas pricing […]
September 2018 Electricity and Natural Gas Update
You’ll note NYMEX futures pricing remains virtually unchanged over last nine months, no problem. With summer coming to an end and winter heating season not too far away, we need to look at level of gas in storage come November 1st which is “unofficial” start of the heating season. NYMEX futures pricing Current storage level […]
February 2018 Electricity and Natural Gas Update
In addition to the regular attachment there is a reprint of the December 7, 2017 message to our clients. Please take time to review as it remains the message today. Over the years l have tried my best to help manage your electricity and natural gas supply costs. Utilizing multiple suppliers, our goal is to […]
January 2018 Electricity and Natural Gas Update
Today is last business/trading day of 2017 and to summarize the year: no surprises, stable pricing. A significant factor has been lack of “real winter temperatures” in the Northeast along with robust gas production. As we end 2017 and begin 2018 we’re experiencing direct opposite, specifically, “real winter temperatures” not seen since Jan-Feb-March 2014. There […]