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Industry News (356)

Prompt month natural gas contract settle up 4.8% to close the week at $2.32 / MMBtu.  The 12, 24, and 36-month contracts also traded up for the week, settling at $2.40; $2.42; and $2.44 / MMBtu respectively.  The curve is tight, so why not take advantage of longer dated retail power and gas supply options.  Expect the prompt month natural gas contract to experience price volatility due to colder weather conditions.  Those customers on variable price plans will see the volatility in their unhedged power and gas prices.  Take risk off the table with the low spread environment.  Allow your ESCO supply company to work for your business or residence, and manage market volatility with fixed price contracts.  Variable rate contracts do not offer price protection (or value) in my own opinion.

New gas storage levels came out on October 17, 2019 for the week ending October 11, 2019. The overall storage level ended the week at 3,519 / MMBtu, an increase in the system of 104 MMBtu.  Natural gas storage levels are 0.4% above the 5-year average, and 16.3% above where they were 12 months ago.  Keep in mind that this is storage in the system.  As you can see from the charts, the storage levels are below historical averages, but there are still ample supplies of natural gas in the ground that has yet to be tapped by producers.  As we approach the hi gas demand winter season, keep an eye on the relatively low gas storage inventory levels.

Variable rate plans are meant to be pegged to an index (keep these market movements in mind when evaluating comparable billing periods!). 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.

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.

There is no current storm activity on the Atlantic Coast.

Prompt month natural gas contract settle down 5.9% to close the week at $2.21 / MMBtu.  The 12, 24, and 36-month contracts were relatively flat at $2.36; $2.39; and $2.41 / MMBtu respectively.  The curve is tight, so why not take advantage of longer dated retail power and gas supply options.  Expect the prompt month natural gas contract to experience price volatility due to colder weather conditions.  Those customers on variable price plans will see the volatility in their unhedged power and gas prices.  Take risk off the table with the low spread environment.  Allow your ESCO supply company to work for your business or residence, and manage market volatility with fixed price contracts.  Variable rate contracts do not offer price protection (or value) in my own opinion.

New gas storage levels came out on October 10, 2019 for the week ending October 4, 2019. The overall storage level ended the week at 3,415 / MMBtu, an increase in the system of 98 MMBtu.  Natural gas storage levels are 0.3% below the 5-year average, and 16.0% above where they were 12 months ago.  Keep in mind that this is storage in the system.  As you can see from the charts, the storage levels are below historical averages, but there are still ample supplies of natural gas in the ground that has yet to be tapped by producers.  As we approach the hi gas demand winter season, keep an eye on the relatively low gas storage inventory levels.

Variable rate plans are meant to be pegged to an index (keep these market movements in mind when evaluating comparable billing periods!). 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.

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.

There is no current storm activity on the Atlantic Coast.

Another ESCO files for bankruptcy last week (Agera Energy).  They are a repeat Chapter 22 offender as Agera was a spinoff from the formerly bankrupt Glacial Energy.  This is a product of a poorly hedged book that became upside down on their operating margins due to weather driven volatility in the wholesale markets. It is a risk that all ESCO companies face, the ones that stick around view their business as a risk management function as opposed to a sales and marketing function.  A healthy balance of both is what leads to a successful business model.

Prompt month natural gas contract settle down 2.2% to close the week at $2.35 / MMBtu.  The 12, 24, and 36-month contracts were relatively flat at $2.43; $2.45; and $2.46 / MMBtu respectively.  The curve is tight, so why not take advantage of longer dated retail power and gas supply options.  Take risk off the table with the low spread environment.  Allow your ESCO supply company to work for your business or residence, and manage market volatility with fixed price contracts.  Variable rate contracts do not offer price protection (or value) in my own opinion.

New gas storage levels came out on October 3, 2019 for the week ending September 27, 2019. The overall storage level ended the week at 3,317 / MMBtu, an increase in the system of 112 MMBtu.  Natural gas storage levels are 0.5% below the 5-year average, and 16.3% above where they were 12 months ago.  Keep in mind that this is storage in the system.  As you can see from the charts, the storage levels are below historical averages, but there are still ample supplies of natural gas in the ground that has yet to be tapped by producers.  As we approach the hi gas demand winter season, keep an eye on the relatively low gas storage inventory levels.

Variable rate plans are meant to be pegged to an index (keep these market movements in mind when evaluating comparable billing periods!). 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.

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.

There is no current storm activity on the Atlantic Coast.

Prompt month natural gas contract settle down 5.1% to close the week at $2.40 / MMBtu.  The 12, 24, and 36-month contracts were also down at $2.44; $2.45; and $2.46 / MMBtu respectively.  The curve is tight, so why not take advantage of longer dated retail power and gas supply options.  Take risk off the table with the low spread environment.  Allow your ESCO supply company to work for your business or residence, and manage market volatility with fixed price contracts.  Variable rate contracts do not offer price protection (or value) in my own opinion.

New gas storage levels came out on September 26, 2019 for the week ending September 20, 2019. The overall storage level ended the week at 3,205 / MMBtu, an increase in the system of 102 MMBtu.  Natural gas storage levels are 1.4% below the 5-year average, and 16.1% above where they were 12 months ago.  Keep in mind that this is storage in the system.  As you can see from the charts, the storage levels are below historical averages, but there are still ample supplies of natural gas in the ground that has yet to be tapped by producers.  As we approach the hi gas demand winter season, keep an eye on the relatively low gas storage inventory levels.

Variable rate plans are meant to be pegged to an index (keep these market movements in mind when evaluating comparable billing periods!). 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.

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.

There is no current storm activity on the Atlantic Coast.

Prompt month natural gas contract settle down 3.1% to close the week at $2.53 / MMBtu.  The 12, 24, and 36-month contracts were also down at $2.53; $2.50; and $2.51 / MMBtu respectively.  The curve is tight, so why not take advantage of longer dated retail power and gas supply options.  Take risk off the table with the low spread environment.  Allow your ESCO supply company to work for your business or residence, and manage market volatility with fixed price contracts.  Variable rate contracts do not offer price protection (or value) in my own opinion.

New gas storage levels came out on September 19, 2019 for the week ending September 13, 2019. The overall storage level ended the week at 3,03 / MMBtu, an increase in the system of 84 MMBtu.  Natural gas storage levels are 2.4% below the 5-year average, and 14.5% above where they were 12 months ago.  Keep in mind that this is storage in the system.  As you can see from the charts, the storage levels are below historical averages, but there are still ample supplies of natural gas in the ground that has yet to be tapped by producers.  As we approach the hi gas demand winter season, keep an eye on the relatively low gas storage inventory levels.

Variable rate plans are meant to be pegged to an index (keep these market movements in mind when evaluating comparable billing periods!). 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.

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.

There is no current storm activity on the Atlantic Coast.

Prompt month natural gas contract settle up 4.7% to close the week at $2.61 / MMBtu.  The 12, 24, and 36-month contracts were also up at $2.58; $2.52; and $2.51 / MMBtu respectively.  The curve is tight, so why not take advantage of longer dated retail power and gas supply options.  Take risk off the table with the low spread environment.  Allow your ESCO supply company to work for your business or residence, and manage market volatility with fixed price contracts.  Variable rate contracts do not offer price protection (or value) in my own opinion.

New gas storage levels came out on September 12, 2019 for the week ending September 6, 2019. The overall storage level ended the week breaking the 3,000 technical indicators at 3,019 / MMBtu, an increase in the system of 78 MMBtu.  Natural gas storage levels are 2.5% below the 5-year average, and 15.0% above where they were 12 months ago.  Keep in mind that this is storage in the system.  As you can see from the charts, the storage levels are below historical averages, but there are still ample supplies of natural gas in the ground that has yet to be tapped by producers.  As we approach the hi gas demand winter season, keep an eye on the relatively low gas storage inventory levels.

Variable rate plans are meant to be pegged to an index (keep these market movements in mind when evaluating comparable billing periods!). 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.

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.

There is no current storm activity in the Atlantic Coast.

The short trading week saw the prompt month natural gas contract settle up 9% to close the week at $2.50 / MMBtu.  The 12, 24, and 36-month contracts were also up at $2.53; $2.50; and $2.50 / MMBtu respectively.  The curve is tight, so why not take advantage of longer dated retail power and gas supply options.  Take risk off the table with the low spread environment.  Allow your ESCO supply company to work for your business or residence, and manage market volatility with fixed price contracts.  Variable rate contracts do not offer price protection (or value) in my own opinion.

New gas storage levels came out on September 5, 2019 for the week ending August 30, 2019. The overall storage level ended the week at 2,941 / MMBtu, an increase in the system of 84 MMBtu.  Natural gas storage levels are 2.7% below the 5-year average, and 15.0% above where they were 12 months ago.  Keep in mind that this is storage in the system.  As you can see from the charts, the storage levels are below historical averages, but there are still ample supplies of natural gas in the ground that has yet to be tapped by producers.  As we approach the hi gas demand winter season, keep an eye on the relatively low gas storage inventory levels.

Variable rate plans are meant to be pegged to an index (keep these market movements in mind when evaluating comparable billing periods!). 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.

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.

The natural gas futures market saw spot prices shift to October and trend up for the week, with longer dated contracts up slightly from the prior week as well.  The prompt month natural gas contract settled at $2.29 / MMBtu.  The 12, 24, and 36-month contracts settled at $2.38; $2.41; and $2.44 / MMBtu respectively.  The curve is tight, so why not take advantage of longer dated retail power and gas supply options.  Take risk off the table with the low spread environment.  Allow your ESCO supply company to work for your business or residence, and manage market volatility with fixed price contracts.  Variable rate contracts do not offer price protection (or value) in my own opinion.

New gas storage levels came out on August 29, 2019 for the week ending August 23, 2019. The overall storage level ended the week at 2,857 / MMBtu, an increase in the system of 60 MMBtu.  Natural gas storage levels are 3.4% below the 5-year average, and 14.6% above where they were 12 months ago.  Keep in mind that this is storage in the system.  As you can see from the charts, the storage levels are below historical averages, but there are still ample supplies of natural gas in the ground that has yet to be tapped by producers.  As we approach the hi gas demand winter season, keep an eye on the relatively low gas storage inventory levels.

Variable rate plans are meant to be pegged to an index (keep these market movements in mind when evaluating comparable billing periods!). 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.

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.

While unlikely to cause market price volatility, Hurricane Dorian is now a category 4 story with 150 mph winds.  Significant danger and destruction are projected for the Bahamas, and eastern US states of Fla, GA, SC, and NC.  Please be prepared and stay safe.

The natural gas futures market saw spot prices trending down for the week, with longer dated contracts off slightly from the prior week.  The prompt month natural gas contract settled at $2.15 / MMBtu.  The 12, 24, and 36-month contracts settled at $2.31; $2.36; and $2.39 / MMBtu respectively.  The curve is tight, so why not take advantage of longer dated retail power and gas supply options.  Take risk off the table with the low spread environment.  Allow your ESCO supply company to work for your business or residence, and manage market volatility with fixed price contracts.  Variable rate contracts do not offer price protection (or value) in my own opinion.

New gas storage levels came out on August 22, 2019 for the week ending August 16, 2019. The overall storage level ended the week at 2,797 / MMBtu, an increase in the system of 59 MMBtu.  Natural gas storage levels are 3.6.% below the 5-year average, and 15.2% above where they were 12 months ago.  Keep in mind that this is storage in the system.  As you can see from the charts, the storage levels are below historical averages, but there are still ample supplies of natural gas in the ground that has yet to be tapped by producers.  As we approach the hi gas demand winter season, keep an eye on the relatively low gas storage inventory levels.

Variable rate plans are meant to be pegged to an index (keep these market movements in mind when evaluating comparable billing periods!). 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.

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.

Weekly changes in cooling degree days continue to show that the markets are experiencing hi summer temperatures which lead to market volatility risk.  All cities we track are seeing above average weekly temperatures.  Weather continues to be the most significant risk to all customers who have chosen not to hedge power and gas price volatility with fixed price contracts.  Great time to rate-lock power and gas supply for retail customers.  When cooling degree days go up, natural gas demand goes up.  When there is not enough gas in your local market, bad things happen to customers on variable price power and gas contracts.

Hurricane Dorian has formed in the Caribbean, posing a threat to the Dominican Republic, Haiti, and Puerto Rico before continuing a path that threatens Florida, Georgia, and the Carolinas.  It is still too early to tell what effects it will have if any, but be prepared for inclement weather and energy market volatility.

The natural gas futures market saw spot prices trend slightly up, with longer dated contracts off slightly from the prior week.  The prompt month natural gas contract settled at $2.20 / MMBtu.  The 12, 24, and 36-month contracts settled at $2.34; $2.38; and $2.40 / MMBtu respectively.  There is still great value in rate locking your power and gas supply with fixed price term contracts.  There are still significant benefits to rate locking power and gas retail supply contracts.  Allow your ESCO supply company to work for your service, and manage market volatility with fixed price contracts.  Variable rate contracts do not offer price protection (or value) in my own opinion.

New gas storage levels came out on August 15, 2019 for the week ending August 9, 2019. The overall storage level ended the week at 2,738 / MMBtu, a modest increase in the system of 49 MMBtu.  Natural gas storage levels are 3.9.% below the 5-year average, and 15.0% above where they were 12 months ago.  Keep in mind that this is storage in the system.  As you can see from the charts, the storage levels are below historical averages, but there are still ample supplies of natural gas in the ground that has yet to be tapped by producers.  As we approach the hi gas demand winter season, keep an eye on the relatively low gas storage inventory levels.

Variable rate plans are meant to be pegged to an index (keep these market movements in mind when evaluating comparable billing periods!). 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.

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.

Weekly changes in cooling degree days continue to show that the markets are experiencing hi summer temperatures which lead to market volatility risk.  All cities we track are seeing above average weekly temperatures.  Weather continues to be the most significant risk to all customers who have chosen not to hedge power and gas price volatility with fixed price contracts.  Great time to rate-lock power and gas supply for retail customers.  When cooling degree days go up, natural gas demand goes up.  When there is not enough gas in your local market, bad things happen to customers on variable price power and gas contracts.

Hurricane season is upon us and has the potential to bring regional devastation and additional power and gas price volatility.  The Atlantic coast is currently inactive but things change all the time.  The best hedge continues to be a fixed price power and gas products for residential and commercial customers in deregulated markets.

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