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Industry News (456)

Sunday, 12 September 2021 00:02

#NEVERFORGET

Natural gas is on a tear!!!  If you are not locked with your power and gas rates you will see this volatility in your bills.

A short holiday trading week saw the prompt month natural gas contract rise 5%, and settled at $4.94 / MMBtu. The 12, 24, and 36-month contracts were also up, ending the week at $4.38; $3.93; and $3.62 / MMBtu respectively.  The forward natural gas curve signifies a great time to lock in your retail power and gas prices for longer stretches of time.  Spreads between short and long-term natural gas forwards continue to support the decision of locking your retail power and gas rates for longer stretches of time.  Allow your ESCO supply company to work for your business or residence, and manage market volatility with fixed price contracts for term length.  Variable rate contracts do not offer price protection (or value) in my own opinion.

New gas storage levels came out on September 9, 2021 for the week ending September 3, 2021.  The overall storage level ended the week at 2,923 / MMBtu, a weekly increase in the system of 52 MMBtu.  Natural gas storage levels are 7.4% below the 5-year average, and 16.8% below the levels seen 12 months ago.  Keep in mind that this is storage in the system.  There are still ample supplies of natural gas in the ground that has yet to be tapped by producers.

Variable rate plans are meant to be pegged to an index that are not necessary tied to the prompt month gas trading levels (keep these market movements in mind when evaluating comparable billing periods!). Wholesale based pricing products are leaving the ERCOT markets as many consumers and law makers saw these products as a contributor to the market chaos brought on by extreme weather conditions across Texas. While pass through components such as capacity and ancillary services costs have come up, the commodity itself remains in check.  As a customer, you have the choice to decide who holds the price volatility risk.  Protect yourselves with fixed price contracts.  Those customers who elect a variable rate plan are 100% exposed to price volatility driven by weather and other market conditions.  Allow your supply company to do their job and manage the volatility by offering you a fixed price contract.

Cooling degree day averages are now back to their historical norms for the week in the deregulated markets we track. Hot weather leads to increased HVAC usage and power demand which translates to market volatility.  Attractive opportunities are in the market for customers to hedge out price volatility.  Keep the risk where it belongs, with your well-seasoned energy supply partner.  This is not a risk that customers should be exposed to.

80% OF OIL PRODUCTION HAS BEEN OFFLINE, AND 83% OF NATURAL GAS PRODUCTION IS UNABLE TO ACCESS PIPELINES.

Prompt month natural gas saw a big weekly move as a result of the production being shut in.   The contract settled the week at $4.71 / MMBtu. The 12, 24, and 36-month contracts were also up, ending the week at $4.16; $3.73; and $3.46 / MMBtu respectively.  While this should be a temporary shift, customers on variable rate plans should expect to see their rates effected in the wrong direction.  The forward natural gas curve signifies a great time to lock in your retail power and gas prices for longer stretches of time.  Spreads between short and long-term natural gas forwards continue to support the decision of locking your retail power and gas rates for longer stretches of time.  Allow your ESCO supply company to work for your business or residence, and manage market volatility with fixed price contracts for term length.  Variable rate contracts do not offer price protection (or value) in my own opinion.

New gas storage levels came out on September 2, 2021 for the week ending August 27, 2021.  The overall storage level ended the week at 2,871 / MMBtu, a weekly increase in the system of 20 MMBtu.  Natural gas storage levels are 7.2% below the 5-year average, and 16.8% below the levels seen 12 months ago.  Keep in mind that this is storage in the system.  There are still ample supplies of natural gas in the ground that has yet to be tapped by producers.

Variable rate plans are meant to be pegged to an index that are not necessary tied to the prompt month gas trading levels (keep these market movements in mind when evaluating comparable billing periods!). Wholesale based pricing products are leaving the ERCOT markets as many consumers and law makers saw these products as a contributor to the market chaos brought on by extreme weather conditions across Texas. While pass through components such as capacity and ancillary services costs have come up, the commodity itself remains in check.  As a customer, you have the choice to decide who holds the price volatility risk.  Protect yourselves with fixed price contracts.  Those customers who elect a variable rate plan are 100% exposed to price volatility driven by weather and other market conditions.  Allow your supply company to do their job and manage the volatility by offering you a fixed price contract.

It’s hot outside, real hot.  However, cooling degree day averages now back to their historical norms for the week in the deregulated markets we track. Hot weather leads to increased HVAC usage and power demand which translates to market volatility.  Attractive opportunities are in the market for customers to hedge out price volatility.  Keep the risk where it belongs, with your well-seasoned energy supply partner.  This is not a risk that customers should be exposed to.

Prompt month natural gas shifted to October, and saw a big weekly move to the upside.  The contract settled the week at $4.38 / MMBtu. The 12, 24, and 36-month contracts were also up sharply, ending the week at $4.00; $3.63; and $3.39 / MMBtu respectively.  The forward natural gas curve signifies a great time to lock in your retail power and gas prices for longer stretches of time.  Spreads between short and long-term natural gas forwards continue to support the decision of locking your retail power and gas rates for longer stretches of time.  Allow your ESCO supply company to work for your business or residence, and manage market volatility with fixed price contracts for term length.  Variable rate contracts do not offer price protection (or value) in my own opinion.

New gas storage levels came out on August 26, 2021 for the week ending August 20, 2021.  The overall storage level ended the week at 2,851 / MMBtu, a weekly increase in the system of 29 MMBtu.  Natural gas storage levels are 6.2% below the 5-year average, and 16.5% below the levels seen 12 months ago.  Keep in mind that this is storage in the system.  There are still ample supplies of natural gas in the ground that has yet to be tapped by producers.

Variable rate plans are meant to be pegged to an index that are not necessary tied to the prompt month gas trading levels (keep these market movements in mind when evaluating comparable billing periods!). Wholesale based pricing products are leaving the ERCOT markets as many consumers and law makers saw these products as a contributor to the market chaos brought on by extreme weather conditions across Texas. While pass through components such as capacity and ancillary services costs have come up, the commodity itself remains in check.  As a customer, you have the choice to decide who holds the price volatility risk.  Protect yourselves with fixed price contracts.  Those customers who elect a variable rate plan are 100% exposed to price volatility driven by weather and other market conditions.  Allow your supply company to do their job and manage the volatility by offering you a fixed price contract.

It’s hot outside, real hot.  However, cooling degree day averages now back to their historical norms for the week in the deregulated markets we track. Hot weather leads to increased HVAC usage and power demand which translates to market volatility.  Attractive opportunities are in the market for customers to hedge out price volatility.  Keep the risk where it belongs, with your well-seasoned energy supply partner.  This is not a risk that customers should be exposed to.

COMPETITIVE MARKETS EFFECTED WILL BE ALL UP AND DOWN NEW ENGLAND.  AVOID THIS IMPACT AND OTHER WEATHER EVENTS WITH FIXED PRICE POWER AND GAS CONTRACTS.

Prompt month natural gas contract was flat for the week, settling at $3.85 / MMBtu. The 12, 24, and 36-month contracts were also unchanged, ending the week at $3.65; $3.40; and $3.23 / MMBtu respectively.  The forward natural gas curve signifies a great time to lock in your retail power and gas prices for longer stretches of time.  Spreads between short and long-term natural gas forwards continue to support the decision of locking your retail power and gas rates for longer stretches of time.  Allow your ESCO supply company to work for your business or residence, and manage market volatility with fixed price contracts for term length.  Variable rate contracts do not offer price protection (or value) in my own opinion.

New gas storage levels came out on August 19, 2021 for the week ending August 13, 2021.  The overall storage level ended the week at 2,822 / MMBtu, a weekly increase in the system of 46 MMBtu.  Natural gas storage levels are 5.8% below the 5-year average, and 16.2% below the levels seen 12 months ago.  Keep in mind that this is storage in the system.  There are still ample supplies of natural gas in the ground that has yet to be tapped by producers.

Variable rate plans are meant to be pegged to an index that are not necessary tied to the prompt month gas trading levels (keep these market movements in mind when evaluating comparable billing periods!). Wholesale based pricing products are leaving the ERCOT markets as many consumers and law makers saw these products as a contributor to the market chaos brought on by extreme weather conditions across Texas. While pass through components such as capacity and ancillary services costs have come up, the commodity itself remains in check.  As a customer, you have the choice to decide who holds the price volatility risk.  Protect yourselves with fixed price contracts.  Those customers who elect a variable rate plan are 100% exposed to price volatility driven by weather and other market conditions.  Allow your supply company to do their job and manage the volatility by offering you a fixed price contract.

It’s hot outside, real hot.  However, cooling degree day averages now back to their historical norms for the week in the deregulated markets we track. Hot weather leads to increased HVAC usage and power demand which translates to market volatility.  Attractive opportunities are in the market for customers to hedge out price volatility.  Keep the risk where it belongs, with your well-seasoned energy supply partner.  This is not a risk that customers should be exposed to.

Prompt month natural gas contract was down 6.7% for the week, settling at $3.86 / MMBtu. The 12, 24, and 36-month contracts were also down, ending the week at $3.67; $3.42; and $3.24 / MMBtu respectively.  The forward natural gas curve signifies a great time to lock in your retail power and gas prices for longer stretches of time.  Spreads between short and long-term natural gas forwards continue to support the decision of locking your retail power and gas rates for longer stretches of time.  Allow your ESCO supply company to work for your business or residence, and manage market volatility with fixed price contracts for term length.  Variable rate contracts do not offer price protection (or value) in my own opinion.

New gas storage levels came out on August 12, 2021 for the week ending August 6, 2021.  The overall storage level ended the week at 2,776 / MMBtu, a weekly increase in the system of 49 MMBtu.  Natural gas storage levels are 6.0% below the 5-year average, and 16.5% below the levels seen 12 months ago.  Keep in mind that this is storage in the system.  There are still ample supplies of natural gas in the ground that has yet to be tapped by producers.

Variable rate plans are meant to be pegged to an index that are not necessary tied to the prompt month gas trading levels (keep these market movements in mind when evaluating comparable billing periods!). Wholesale based pricing products are leaving the ERCOT markets as many consumers and law makers saw these products as a contributor to the market chaos brought on by extreme weather conditions across Texas. While pass through components such as capacity and ancillary services costs have come up, the commodity itself remains in check.  As a customer, you have the choice to decide who holds the price volatility risk.  Protect yourselves with fixed price contracts.  Those customers who elect a variable rate plan are 100% exposed to price volatility driven by weather and other market conditions.  Allow your supply company to do their job and manage the volatility by offering you a fixed price contract.

It’s hot outside, real hot.  However, cooling degree day averages now back to their historical norms for the week in the deregulated markets we track. Hot weather leads to increased HVAC usage and power demand which translates to market volatility.  Attractive opportunities are in the market for customers to hedge out price volatility.  Keep the risk where it belongs, with your well-seasoned energy supply partner.  This is not a risk that customers should be exposed to.

JUST LIKE INSURANCE, FIXED PRICE PLANS OFFER PROTECTION AND LAYS THE RISK OFF ON YOUR ESCO PROVIDER.

Prompt month natural gas contract ended the week up 5.8% at $4.14 / MMBtu. The 12, 24, and 36-month contracts were also up, ending the week at $3.86; $3.53; and $3.31 / MMBtu respectively.  The forward natural gas curve signifies a great time to lock in your retail power and gas prices for longer stretches of time.  Spreads between short- and long-term natural gas forwards are getting wider, and continue to support the decision of locking your retail power and gas rates for longer stretches of time.  Allow your ESCO supply company to work for your business or residence, and manage market volatility with fixed price contracts for term length.  Variable rate contracts do not offer price protection (or value) in my own opinion.

New gas storage levels came out on August 5, 2021 for the week ending July 30, 2021.  The overall storage level ended the week at 2,727 / MMBtu, a weekly increase in the system of 13 MMBtu.  Natural gas storage levels are 6.4% below the 5-year average, and 16.6% below the levels seen 12 months ago.  Keep in mind that this is storage in the system.  There are still ample supplies of natural gas in the ground that has yet to be tapped by producers.

Variable rate plans are meant to be pegged to an index that are not necessary tied to the prompt month gas trading levels (keep these market movements in mind when evaluating comparable billing periods!). Wholesale based pricing products are leaving the ERCOT markets as many consumers and law makers saw these products as a contributor to the market chaos brought on by extreme weather conditions across Texas. While pass through components such as capacity and ancillary services costs have come up, the commodity itself remains in check.  As a customer, you have the choice to decide who holds the price volatility risk.  Protect yourselves with fixed price contracts.  Those customers who elect a variable rate plan are 100% exposed to price volatility driven by weather and other market conditions.  Allow your supply company to do their job and manage the volatility by offering you a fixed price contract.

It’s hot outside, real hot.  However, cooling degree day averages now back to their historical norms for the week in the deregulated markets we track. Hot weather leads to increased HVAC usage and power demand which translates to market volatility.  Attractive opportunities are in the market for customers to hedge out price volatility.  Keep the risk where it belongs, with your well-seasoned energy supply partner.  This is not a risk that customers should be exposed to.

Prompt month natural gas contract shifted to Sept 2021, and ended the week down 3.6% at $3.91 / MMBtu. The 12, 24, and 36-month contracts were stable, settling the week at $3.68; $3.40; and $3.20 / MMBtu respectively.  The forward natural gas curve signifies a great time to lock in your retail power and gas prices for longer stretches of time.  Spreads between short- and long-term natural gas forwards are getting wider, and continue to support the decision of locking your retail power and gas rates for longer stretches of time.  Allow your ESCO supply company to work for your business or residence, and manage market volatility with fixed price contracts for term length.  Variable rate contracts do not offer price protection (or value) in my own opinion.

New gas storage levels came out on July 29, 2021 for the week ending July 23, 2021.  The overall storage level ended the week at 2,714 / MMBtu, a weekly increase in the system of 36 MMBtu.  Natural gas storage levels are 5.8% below the 5-year average, and 16.2% below the levels seen 12 months ago.  Keep in mind that this is storage in the system.  There are still ample supplies of natural gas in the ground that has yet to be tapped by producers.

Variable rate plans are meant to be pegged to an index that are not necessary tied to the prompt month gas trading levels (keep these market movements in mind when evaluating comparable billing periods!). Wholesale based pricing products are leaving the ERCOT markets as many consumers and law makers saw these products as a contributor to the market chaos brought on by extreme weather conditions across Texas. While pass through components such as capacity and ancillary services costs have come up, the commodity itself remains in check.  As a customer, you have the choice to decide who holds the price volatility risk.  Protect yourselves with fixed price contracts.  Those customers who elect a variable rate plan are 100% exposed to price volatility driven by weather and other market conditions.  Allow your supply company to do their job and manage the volatility by offering you a fixed price contract.

It’s hot outside, real hot.  However, cooling degree day averages now back to their historical norms for the week in the deregulated markets we track. Hot weather leads to increased HVAC usage and power demand which translates to market volatility.  Attractive opportunities are in the market for customers to hedge out price volatility.  Keep the risk where it belongs, with your well-seasoned energy supply partner.  This is not a risk that customers should be exposed to.

THIS IS CAUSING VOLATILITY TO ALL CUSTOMERS ON SHORT TERM VARIABLE RATE CONTRACTS.  THE FORWARD GAS CURVE CONTINUES TO BE STABLE, PROVIDING GREAT OPPORTUNITIES TO LOCK IN PRICE FOR LONGER PERIODS OF TIME.

Prompt month natural gas contract ended the week up big (10.5%), and ended the trading week at $4.06 / MMBtu. The 12, 24, and 36-month contracts were also up big in percentage terms, settling the week at $3.77; $3.42; and $3.20 / MMBtu respectively.  The forward natural gas curve signifies a great time to lock in your retail power and gas prices for longer stretches of time.  Spreads between short- and long-term natural gas forwards are getting wider, and continue to support the decision of locking your retail power and gas rates for longer stretches of time.  Allow your ESCO supply company to work for your business or residence, and manage market volatility with fixed price contracts for term length.  Variable rate contracts do not offer price protection (or value) in my own opinion.

New gas storage levels came out on July 22, 2021 for the week ending July 16, 2021.  The overall storage level ended the week at 2,678 / MMBtu, a weekly increase in the system of 49 MMBtu.  Natural gas storage levels are 6.2% below the 5-year average, and 16.6% below the levels seen 12 months ago.  Keep in mind that this is storage in the system.  There are still ample supplies of natural gas in the ground that has yet to be tapped by producers.

Variable rate plans are meant to be pegged to an index that are not necessary tied to the prompt month gas trading levels (keep these market movements in mind when evaluating comparable billing periods!). Wholesale based pricing products are leaving the ERCOT markets as many consumers and law makers saw these products as a contributor to the market chaos brought on by extreme weather conditions across Texas. While pass through components such as capacity and ancillary services costs have come up, the commodity itself remains in check.  As a customer, you have the choice to decide who holds the price volatility risk.  Protect yourselves with fixed price contracts.  Those customers who elect a variable rate plan are 100% exposed to price volatility driven by weather and other market conditions.  Allow your supply company to do their job and manage the volatility by offering you a fixed price contract.

It’s hot outside, real hot.  However, cooling degree day averages now back to their historical norms for the week in the deregulated markets we track. Hot weather leads to increased HVAC usage and power demand which translates to market volatility.  Attractive opportunities are in the market for customers to hedge out price volatility.  Keep the risk where it belongs, with your well-seasoned energy supply partner.  This is not a risk that customers should be exposed to.

BEST WAY TO MANAGE PRICE SPIKES ASSOCIATED WITH INCREASED USAGE INCLUDE HEDGING WITH FIXED PRICE CONTRACTS, AND MONITORING AC USAGE IN THE HEAT.

Prompt month natural gas contract was flat for the week, and ended the trading week at $3.67 / MMBtu. The 12, 24, and 36-month contracts were also relatively unchanged settling the week at $3.49; $3.22; and $3.06 / MMBtu respectively.  The forward natural gas curve signifies a great time to lock in your retail power and gas prices for longer stretches of time.  Tight spreads between the short term and long-term natural gas contracts are compelling and continue to support the decision of locking your retail power and gas rates for longer stretches of time.  Allow your ESCO supply company to work for your business or residence, and manage market volatility with fixed price contracts for term length.  Variable rate contracts do not offer price protection (or value) in my own opinion.

New gas storage levels came out on July 15, 2021 for the week ending July 9, 2021.  The overall storage level ended the week at 2,629 / MMBtu, a weekly increase in the system of 55 MMBtu.  Natural gas storage levels are 6.7% below the 5-year average, and 17.1% below the levels seen 12 months ago.  Keep in mind that this is storage in the system.  There are still ample supplies of natural gas in the ground that has yet to be tapped by producers.

Variable rate plans are meant to be pegged to an index that are not necessary tied to the prompt month gas trading levels (keep these market movements in mind when evaluating comparable billing periods!). Wholesale based pricing products are leaving the ERCOT markets as many consumers and law makers saw these products as a contributor to the market chaos brought on by extreme weather conditions across Texas. While pass through components such as capacity and ancillary services costs have come up, the commodity itself remains in check.  As a customer, you have the choice to decide who holds the price volatility risk.  Protect yourselves with fixed price contracts.  Those customers who elect a variable rate plan are 100% exposed to price volatility driven by weather and other market conditions.  Allow your supply company to do their job and manage the volatility by offering you a fixed price contract.

It’s hot outside, real hot.  However, cooling degree day averages now back to their historical norms for the week in the deregulated markets we track. Hot weather leads to increased HVAC usage and power demand which translates to market volatility.  Attractive opportunities are in the market for customers to hedge out price volatility.  Keep the risk where it belongs, with your well-seasoned energy supply partner.  This is not a risk that customers should be exposed to.

Prompt month natural gas contract was flat for the week, and ended the trading week at $3.67 / MMBtu. The 12, 24, and 36-month contracts were also relatively unchanged settling the week at $3.47; $3.20; and $3.04 / MMBtu respectively.  The forward natural gas curve signifies a great time to lock in your retail power and gas prices for longer stretches of time.  Tight spreads between the short term and long-term natural gas contracts are compelling and continue to support the decision of locking your retail power and gas rates for longer stretches of time.  Allow your ESCO supply company to work for your business or residence, and manage market volatility with fixed price contracts for term length.  Variable rate contracts do not offer price protection (or value) in my own opinion.

New gas storage levels came out on July 8, 2021 for the week ending July 2, 2021.  The overall storage level ended the week at 2,564 / MMBtu, a weekly increase in the system of 16 MMBtu.  Natural gas storage levels are 6.9% below the 5-year average, and 17.6% below the levels seen 12 months ago.  Keep in mind that this is storage in the system.  There are still ample supplies of natural gas in the ground that has yet to be tapped by producers.

Variable rate plans are meant to be pegged to an index that are not necessary tied to the prompt month gas trading levels (keep these market movements in mind when evaluating comparable billing periods!). Wholesale based pricing products are leaving the ERCOT markets as many consumers and law makers saw these products as a contributor to the market chaos brought on by extreme weather conditions across Texas. While pass through components such as capacity and ancillary services costs have come up, the commodity itself remains in check.  As a customer, you have the choice to decide who holds the price volatility risk.  Protect yourselves with fixed price contracts.  Those customers who elect a variable rate plan are 100% exposed to price volatility driven by weather and other market conditions.  Allow your supply company to do their job and manage the volatility by offering you a fixed price contract.

It’s hot outside, real hot.  Cooling degree day averages are well above historical norms for the week, as well as the entire summer averages in the north east. Hot weather leads to increased HVAC usage and power demand which translates to market volatility.  Attractive opportunities are in the market for customers to hedge out price volatility.  Keep the risk where it belongs, with your well-seasoned energy supply partner.  This is not a risk that customers should be exposed to.

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