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Industry News (467)

Prompt month gas was up 7.5% for the week after the prior week’s selloff, settling at $5.45 / MMBtu.  The 12, 24, and 36-month contracts were also up, settling the week at $4.68; $4.21; and $3.90 / 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 November 24, 2021 for the week ending November 19, 2021.  The overall storage level ended the week at 3,623 / MMBtu.  This is the first weekly decline we have seen in the storage system since March, and a great indication that colder temperatures are setting in.  Natural gas storage levels are 1.6% below the 5-year average, and 8.1% 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!).  Pass through components such as capacity and ancillary services costs have come up or down depending on your local market, and the commodity itself is now seeing big upward trajectories.  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.

Heating Degree Day tracking has begun for the winter period, and temperatures are already colder than seasonal averages.  Fixed price retail power and gas contracts continue to be the best form of risk management available for customers looking to hedge seasonal price volatility.

Prompt month gas was up 6.0% for the week after the prior week’s selloff, settling at $5.07 / MMBtu.  The 12, 24, and 36-month contracts were also up, settling the week at $4.39; $3.99; and $3.74 / 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 November 18, 2021 for the week ending November 12, 2021.  The overall storage level ended the week at 3,644 / MMBtu, a modest weekly increase in the system of 26 MMBtu.  Natural gas storage levels are 2.2% below the 5-year average, and 7.8% 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!).  Pass through components such as capacity and ancillary services costs have come up or down depending on your local market, and the commodity itself is now seeing big upward trajectories.  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.

Heating Degree Day tracking has begun for the winter period, and temperatures are already colder than seasonal averages.  Fixed price retail power and gas contracts continue to be the best form of risk management available for customers looking to hedge seasonal price volatility.

Big selloff in prompt month gas for the week as the contract was down 15.2% for the week, closing at $4.79 / MMBtu.  The 12, 24, and 36-month contracts settled the week all down at $4.25; $3.92; and $3.69 / 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 November 10, 2021 for the week ending November 5, 2021.  The overall storage level ended the week at 3,618 / MMBtu, a modest weekly increase in the system of 7 MMBtu.  Natural gas storage levels are 3.2% below the 5-year average, and 7.8% 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!).  Pass through components such as capacity and ancillary services costs have come up or down depending on your local market, and the commodity itself is now seeing big upward trajectories.  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.

Heating Degree Day tracking has begun for the winter period, and temperatures are already colder than seasonal averages.  Fixed price retail power and gas contracts continue to be the best form of risk management available for customers looking to hedge seasonal price volatility.

Prompt month natural gas ended the week up 1.7%, closing at $5.52 / MMBtu.  The 12, 24, and 36-month contracts settled the week mixed at $4.53; $4.04; and $3.74 / 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 November 4, 2021 for the week ending October 29, 2021.  The overall storage level ended the week at 3,611 / MMBtu, a weekly increase in the system of 63 MMBtu.  Natural gas storage levels are 2.3% below the 5-year average, and 8.0% 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!).  Pass through components such as capacity and ancillary services costs have come up or down depending on your local market, and the commodity itself is now seeing big upward trajectories.  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.

Heating Degree Day tracking has begun for the winter period, and temperatures are already colder than seasonal averages.  Fixed price retail power and gas contracts continue to be the best form of risk management available for customers looking to hedge seasonal price volatility.

Prompt month natural gas shifted to December 2021, and ended the week up 2.7%, closing at $5.43 / MMBtu.  The 12, 24, and 36-month contracts settled the week down at $4.48; $4.05; and $3.79 / 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 October 28, 2021 for the week ending October 22, 2021.  The overall storage level ended the week at 3,548 / MMBtu, a weekly increase in the system of 87 MMBtu.  Natural gas storage levels are 3.4% below the 5-year average, and 10.2% 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!).  Pass through components such as capacity and ancillary services costs have come up or down depending on your local market, and the commodity itself is now seeing big upward trajectories.  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.

Prompt month natural gas ended the week down 2.4%, closing at $5.28 / MMBtu.  The 12, 24, and 36-month contracts settled the week also down at $4.56; $4.11; and $3.85 / 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 October 21, 2021 for the week ending October 15, 2021.  The overall storage level ended the week at 3,461 / MMBtu, a weekly increase in the system of 92 MMBtu.  Natural gas storage levels are 4.2% below the 5-year average, and 11.7% 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!).  Pass through components such as capacity and ancillary services costs have come up or down depending on your local market, and the commodity itself is now seeing big upward trajectories.  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.

Prompt month natural gas remains above $5.00 / MMBtu, settling the week down at $5.41 / MMBtu.  The 12, 24, and 36-month contracts settled the week up slightly at $4.68; $4.20; and $3.92 / 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 October 14, 2021 for the week ending October 8, 2021.  The overall storage level ended the week at 3,369 / MMBtu, a weekly increase in the system of 81 MMBtu.  Natural gas storage levels are 4.9% below the 5-year average, and 12.9% 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!).  Pass through components such as capacity and ancillary services costs have come up or down depending on your local market, and the commodity itself is now seeing big upward trajectories.  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.

Prompt month natural gas remains above $5.00 / MMBtu, settling the week at $5.57 / MMBtu.  The 12, 24, and 36-month contracts settled the week flat at $4.64; $4.12; and $3.84 / 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 October 7, 2021 for the week ending October 1, 2021.  The overall storage level ended the week at 3,288 / MMBtu, a weekly increase in the system of 118 MMBtu.  Natural gas storage levels are 5.1% below the 5-year average, and 13.9% 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!).  Pass through components such as capacity and ancillary services costs have come up or down depending on your local market, and the commodity itself is now seeing big upward trajectories.  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.

Prompt month natural gas shifted to November, and remains above $5.00 / MMBtu, settling the week at $5.62 / MMBtu.  The 12, 24, and 36-month contracts settled the week up at $4.61; $4.08; and $3.79 / MMBtu respectively.  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 30, 2021 for the week ending September 24, 2021.  The overall storage level ended the week at 3,170 / MMBtu, a weekly increase in the system of 88 MMBtu.  Natural gas storage levels are 6.3% below the 5-year average, and 15.4% 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!).  While pass through components such as capacity and ancillary services costs have come up, the commodity itself can be hedged with fixed price contracts.  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.

Fall is upon us, which should bring low natural gas and power volatility.  Customers should look to lock their rates ahead of the winter price volatility season.

Prompt month natural gas remains above $5.00 / MMBtu, settling the week at $5.14 / MMBtu.  The 12, 24, and 36-month contracts settled the week up at $4.52; $4.03; and $3.73 / MMBtu respectively.  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 23, 2021 for the week ending September 17, 2021.  The overall storage level ended the week at 3,082 / MMBtu, a weekly increase in the system of 76 MMBtu.  Natural gas storage levels are 6.9% below the 5-year average, and 16.0% 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!).  While pass through components such as capacity and ancillary services costs have come up, the commodity itself can be hedged with fixed price contracts.  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.

Fall is upon us, which should bring low natural gas and power volatility.  Customers should look to lock their rates ahead of the winter price volatility season.

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