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Industry News (387)

Prompt month natural gas settled the trading week up 5.2% at $1.73 / MMBtu.  The 12, 24, and 36-month contracts were flat, settling the week at $2.38; $2.49; and $2.48 / MMBtu respectively.  This is for the liquid Henry Hub delivery point.  The curve signifies a great time to lock in your retail power and gas rates for longer stretches of time.  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 term spread environment.  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 May 21, 2020 for the week ending May 15, 2020. Natural gas storage in the system continues to see weekly increases.  Expect more weekly increases to the storage system during this time of warmer temperatures and lower usage.  The overall storage level ended the week at 2,503 / MMBtu, an increase in the system of 81 MMBtu.  Natural gas storage levels are 19.4% above the 5-year average, and 45.2% above where they were 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!).  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.  Summer season brings the potential for elevated price volatility in wholesale and retail natural gas and power markets.  This is not a risk that customers should be exposed to.

We are now entering into the shoulder season.  Expect natural gas inventories to climb as the result of weak demand until summer temperatures begin to elevate.  Air conditioning technologies will increase demand, and cause elevated levels of price volatility throughout deregulated markets beginning June.  Allow your ESCO to manage this price risk on your behalf with fixed price electricity and natural gas supply contracts.

Prompt month natural gas settled the trading week down 9.7% at $1.65 / MMBtu.  The 12, 24, and 36-month contracts were down, settling the week at $2.37; $2.49; and $2.47 / MMBtu respectively.  This is for the liquid Henry Hub delivery point.  The curve signifies a great time to lock in your retail power and gas rates for longer stretches of time.  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 term spread environment.  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 May 14, 2020 for the week ending May 8, 2020. Natural gas storage in the system continues to see weekly increases.  Expect more weekly increases to the storage system during this time of warmer temperatures and lower usage.  The overall storage level ended the week at 2,422 / MMBtu, an increase in the system of 103 MMBtu.  Natural gas storage levels are 20.6% above the 5-year average, and 49.2% above where they were 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!).  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.  Summer season brings the potential for elevated price volatility in wholesale and retail natural gas and power markets.  This is not a risk that customers should be exposed to.

We are now entering into the shoulder season.  Expect natural gas inventories to climb as the result of weak demand until summer temperatures begin to elevate.  Air conditioning technologies will increase demand, and cause elevated levels of price volatility throughout deregulated markets beginning June.  Allow your ESCO to manage this price risk on your behalf with fixed price electricity and natural gas supply contracts.

Prompt month natural gas settled the trading week down 3.5% at $1.82 / MMBtu.  The 12, 24, and 36-month contracts were down, settling the week at $2.49; $2.56; and $2.53 / MMBtu respectively.  This is for the liquid Henry Hub delivery point.  The curve signifies a great time to lock in your retail power and gas rates for longer stretches of time.  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 term spread environment.  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 May 7, 2020 for the week ending May 1, 2020. Natural gas storage in the system continues to see weekly increases.  Expect more weekly increases to the storage system during this time of warner temperatures and lower usage.  The overall storage level ended the week at 2,319 / MMBtu, an increase in the system of 109 MMBtu.  Natural gas storage levels are 20.5% above the 5-year average, and 52.3% above where they were 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 (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.  Summer season brings the potential for elevated price volatility in wholesale and retail natural gas and power markets.  This is not a risk that customers should be exposed to.

We are now entering into the shoulder season.  Expect natural gas inventories to climb as the result of weak demand until summer temperatures begin to elevate.  Air conditioning technologies will increase demand, and cause elevated levels of price volatility throughout deregulated markets beginning June.  Allow your ESCO to manage this price risk on your behalf with fixed price electricity and natural gas supply contracts.

Prompt month natural gas shifted to June, and settled the trading week up 8.2% at $1.89 / MMBtu.  The 12, 24, and 36-month contracts were up slightly, settling the week at $2.57; $2.61; and $2.56 / MMBtu respectively.  This is for the liquid Henry Hub delivery point.  The curve signifies a great time to lock in your retail power and gas rates for longer stretches of time.  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 term spread environment.  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 April 30, 2020 for the week ending April 24, 2020. Natural gas storage in the system continues to see weekly increases.  Expect more weekly increases to the storage system during this time of warner temperatures and lower usage.  The overall storage level ended the week at 2,210 / MMBtu, an increase in the system of 70 MMBtu.  Natural gas storage levels are 19.5% above the 5-year average, and 54.9% above where they were 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 (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.  Summer season brings the potential for elevated price volatility in wholesale and retail natural gas and power markets.  This is not a risk that customers should be exposed to.

We are now entering into the shoulder season.  Expect natural gas inventories to climb as the result of weak demand until summer temperatures begin to elevate.  Air conditioning technologies will increase demand, and cause elevated levels of price volatility throughout deregulated markets beginning June.  Allow your ESCO to manage this price risk on your behalf with fixed price electricity and natural gas supply contracts.

Prompt month natural gas settled the trading week flat at $1.75 / MMBtu.  The 12, 24, and 36-month contracts were up slightly, settling the week at $2.46; $2.55; and $2.52 / MMBtu respectively.  This is for the liquid Henry Hub delivery point.  The curve signifies a great time to lock in your retail power and gas rates for longer stretches of time.  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 term spread environment.  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 April 23, 2020 for the week ending April 17, 2020. Natural gas storage in the system continues to see weekly increases.  Expect more weekly increases to the storage system during this time of warner temperatures and lower usage.  The overall storage level ended the week at 2,140 / MMBtu, an increase in the system of 43 MMBtu.  Natural gas storage levels are 20.5% above the 5-year average, and 63.0% above where they were 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 (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.  Summer season brings the potential for elevated price volatility in wholesale and retail natural gas and power markets.  This is not a risk that customers should be exposed to.

We are now entering into the shoulder week season.  Expect natural gas inventories to climb as the result of weak demand until summer temperatures begin to elevate.  Air conditioning technologies will increase demand, and cause elevated levels of price volatility throughout deregulated markets.  Allow your ESCO to manage this price risk on your behalf with fixed price electricity and natural gas supply contracts.

Prompt month natural gas settled the trading week flat at $1.75 / MMBtu.  The 12, 24, and 36-month contracts were also flat, settling the week at $2.39; $2.48; and $2.47 / MMBtu respectively.  This is for the liquid Henry Hub delivery point.  The curve signifies a great time to lock in your retail power and gas rates for longer stretches of time.  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 term spread environment.  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 April 16, 2020 for the week ending April 10, 2020. We saw the first weekly increase in the storage season, corresponding to the first week of the shoulder season.  Expect more weekly increases to the storage system during this time of warner temperatures and lower usage.  The overall storage level ended the week at 2,097 / MMBtu, an increase in the system of 73 MMBtu.  Natural gas storage levels are 21.4% above the 5-year average, and 71.7% above where they were 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 (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.  Winter season is arguably the high point of wholesale natural gas and power price volatility.  This is not a risk that customers should be exposed to.

We are now entering into the shoulder week season.  Expect natural gas inventories to climb as the result of weak demand until summer temperatures begin to elevate.  Air conditioning technologies will increase demand, and cause elevated levels of price volatility throughout deregulated markets.  Allow your ESCO to manage this price risk on your behalf with fixed price electricity and natural gas supply contracts.

Happy Easter Everyone.

Prompt month natural gas settled the short trading week up at $1.73 / MMBtu.  The 12, 24, and 36-month contracts were also up, settling the week at $2.36; $2.45; and $2.45 / MMBtu respectively.  This is for the liquid Henry Hub delivery point.  The curve signifies a great time to lock in your retail power and gas rates for longer stretches of time.  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 term spread environment.  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 April 9, 2020 for the week ending April 3, 2020. We saw the first weekly increase in the storage season, corresponding to the first week of the shoulder season.  Expect more weekly increases to the storage system during this time of warner temperatures and lower usage.  The overall storage level ended the week at 2,024 / MMBtu, an increase in the system of 38 MMBtu.  Natural gas storage levels are 19.1% above the 5-year average, and 76.3% above where they were 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 (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.  Winter season is arguably the high point of wholesale natural gas and power price volatility.  This is not a risk that customers should be exposed to.

We are now entering into the shoulder week season.  Expect natural gas inventories to climb as the result of weak demand until summer temperatures begin to elevate.  Air conditioning technologies will increase demand, and cause elevated levels of price volatility throughout deregulated markets.  Allow your ESCO to manage this price risk on your behalf with fixed price electricity and natural gas supply contracts.

Prompt month natural gas settled flat for the week at $1.62 / MMBtu.  The 12, 24, and 36-month contracts were up, settling the week at $2.25; $2.36; and $2.37 / MMBtu respectively.  This is for the liquid Henry Hub delivery point.  The curve signifies a great time to lock in your retail power and gas rates for longer stretches of time.  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 term spread environment.  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 April 2, 2020 for the week ending March 27, 2020. The overall storage level ended the week below the 2,000 mark at 1,986 / MMBtu, a slight decrease in the system of 19 MMBtu.  Natural gas storage levels are 17.2% above the 5-year average, and 76.8% above where they were 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.  Expect to see similar natural gas storage withdrawals as customers need heating fuels for their residences and businesses.

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.  Winter season is arguably the high point of wholesale natural gas and power price volatility.  This is not a risk that customers should be exposed to.

We are now entering into the shoulder week season.  Expect natural gas inventories to climb as the result of weak demand until summer temperatures begin to elevate.  Air conditioning technologies will increase demand, and cause elevated levels of price volatility throughout deregulated markets.  Allow your ESCO to manage this price risk on your behalf with fixed price electricity and natural gas supply contracts.

Prompt month natural gas settled up 1.9% for the week at $1.63 / MMBtu.  The 12, 24, and 36-month contracts were also up, settling the week at $2.15; $2.29; and $2.33 / MMBtu respectively.  This is for the liquid Henry Hub delivery point.  The curve signifies a great time to lock in your retail power and gas rates for longer stretches of time.  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 term spread environment.  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 March 26, 2020 for the week ending March 20, 2020. The overall storage level ended the week barely above the 2,000 mark at 2,005 / MMBtu, a slight decrease in the system of 29 MMBtu.  Natural gas storage levels are 17.0% above the 5-year average, and 79.5% above where they were 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.  Expect to see similar natural gas storage withdrawals as customers need heating fuels for their residences and businesses.

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.  Winter season is arguably the high point of wholesale natural gas and power price volatility.  This is not a risk that customers should be exposed to.

We only have 1 weeks left in the winter season, which has largely been a non-factor in the market.  Heating Degree Days represent the average weekly temperatures netted against 65 degrees.  They are an indication of heating fuel demand.  The more heating degree days cities such as NYC display, the higher the demand for fuels such as natural gas, and the higher prices go for natural gas, and electricity.  We benchmark the weekly heating degree days against the 5-year comparable weekly statistic.  It is a great indication of price volatility that customers on variable rate supply plans expose themselves to.  Allow your ESCO to manage this price risk on your behalf with fixed price electricity and natural gas supply contracts.

Prompt month natural gas settled down 14.2% for the week at $1.60 / MMBtu.  The 12, 24, and 36-month contracts were also down to a lesser extent, settling the week at $2.11; $2.24; and $2.28 / MMBtu respectively.  This is for the liquid Henry Hub delivery point.  The curve signifies a great time to lock in your retail power and gas rates for longer stretches of time.  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 term spread environment.  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 March 19, 2020 for the week ending March 13, 2020. The overall storage level ended the week at 2,034 / MMBtu, a slight decrease in the system of 9 MMBtu.  Natural gas storage levels are 16.0% above the 5-year average, and 76.0% above where they were 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.  Expect to see similar natural gas storage withdrawals as customers need heating fuels for their residences and businesses.

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.  Winter season is arguably the high point of wholesale natural gas and power price volatility.  This is not a risk that customers should be exposed to.

We only have 2 weeks left in the winter season, which has largely been a non-factor in the market.  Heating Degree Days represent the average weekly temperatures netted against 65 degrees.  They are an indication of heating fuel demand.  The more heating degree days cities such as NYC display, the higher the demand for fuels such as natural gas, and the higher prices go for natural gas, and electricity.  We benchmark the weekly heating degree days against the 5-year comparable weekly statistic.  It is a great indication of price volatility that customers on variable rate supply plans expose themselves to.  Allow your ESCO to manage this price risk on your behalf with fixed price electricity and natural gas supply contracts.

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