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Industry News (347)

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.

No changes in the weekly prompt month and term natural gas forward market.  The prompt month natural gas contract settled at $2.12 / MMBtu.  The 12, 24, and 36-month contracts settled at $2.32; $2.39; and $2.44 / MMBtu respectively.  There is still great value in rate locking your power and gas supply with fixed price term contracts.  While wholesale power and gas markets are stable, 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 8, 2019 for the week ending August 2, 2019. The overall storage level ended the week at 2,689 / MMBtu, a modest increase in the system of 55 MMBtu.  Natural gas storage levels are 4.0.% 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.  The low-price environment continues to present a great opportunity for commercial and residential customers to lock in power and gas rate plans for the next 12-month period and beyond.

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 saw activity across all cities we track.  All cities are now at or above their historical averages.  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.

The prompt month natural gas contract ended the week down, settling at $2.12 / MMBtu.  The 12, 24, and 36-month contracts were also down, settling at $2.34; $2.42; and $2.47 / MMBtu respectively.  There is still great value in rate locking your power and gas supply with fixed price term contracts.  While wholesale power and gas markets are stable, 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 1, 2019 for the week ending July 26, 2019. The overall storage level ended the week at 2,634 / MMBtu, a modest increase in the system of 65 MMBtu.  Natural gas storage levels are 4.5.% 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.

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.  The low-price environment continues to present a great opportunity for commercial and residential customers to lock in power and gas rate plans for the next 12-month period and beyond.

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 saw activity across all cities we track.  All cities are now at or above their historical averages.  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.

The prompt month natural gas contract ended the week down, settling at $2.17 / MMBtu.  The 12, 24, and 36-month contracts were also down, settling at $2.36; $2.44; and $2.48 / MMBtu respectively.  There is still great value in rate locking your power and gas supply with fixed price term contracts.  While wholesale power and gas markets are stable, 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 July 25, 2019 for the week ending July 19, 2019. The overall storage level ended the week at 2,569 / MMBtu, a modest increase in the system of 36 MMBtu.  Natural gas storage levels are 5.6.% below the 5-year average, and 13.2% 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.

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.  The low-price environment continues to present a great opportunity for commercial and residential customers to lock in power and gas rate plans for the next 12-month period and beyond.

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 saw activity across all cities we track.  All cities are now at or above their historical averages.  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.

The prompt month natural gas contract ended the week down, settling at $2.25 / MMBtu.  The 12, 24, and 36-month contracts were also down, settling at $2.42; $2.48; and $2.51 / MMBtu respectively.  There is still great value in rate locking your power and gas supply with fixed price term contracts.  While wholesale power and gas markets are stable, 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 July 18, 2019 for the week ending July 12, 2019. The overall storage level ended the week at 2,533 / MMBtu, an increase in the system of 62 MMBtu.  Natural gas storage levels are 5.3.% below the 5-year average, and 13.0% 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.

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.  The low-price environment continues to present a great opportunity for commercial and residential customers to lock in power and gas rate plans for the next 12-month period and beyond.

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 saw activity across all cities we track.  All cities are now at or above their historical averages.  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.

The prompt month natural gas contract ended the week up slightly, settling at $2.45 / MMBtu.  The 12, 24, and 36-month contracts were also up, settling at $2.58; $2.59; and $2.60 / MMBtu respectively.  There is still great value in rate locking your power and gas supply with fixed price term contracts.  While wholesale power and gas markets are stable, 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 July 11, 2019 for the week ending July 5, 2019. The overall storage level ended the week at 2,471 / MMBtu, an increase in the system of 81 MMBtu.  Natural gas storage levels are 5.4.% below the 5-year average, and 12.5% 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.  While it is good to see storage break the 2,000 MMBtu technical indicator, more gas storage would be nice to see, especially during the hi potential demand period in anticipation of air conditioning units being turned on.

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.  The low-price environment continues to present a great opportunity for commercial and residential customers to lock in power and gas rate plans for the next 12-month period and beyond.

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 saw activity across all cities we track.  All cities are now at or above their historical averages.  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.  Hurricane Barry drenched parts of Louisiana, but power and gas markets were for the most part unaffected.  The best hedge continues to be a fixed price power and gas products for residential and commercial customers in deregulated markets.

We had a short trading week due to the 4th of July holiday.  The prompt month natural gas contract ended the week up 4.8%, settling at $2.42 / MMBtu.  The 12, 24, and 36-month contracts were also up, settling at $2.53; $2.55; and $2.56 / MMBtu respectively.  There is still great value in rate locking your power and gas supply with fixed price term contracts.  While wholesale power and gas markets are stable, 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 July 3, 2019 for the week ending June 28, 2019. The overall storage level ended the week at 2,390 / MMBtu, an increase in the system of 89 MMBtu.  Natural gas storage levels are 6.0.% below the 5-year average, and 11.6% 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.  While it is good to see storage break the 2,000 MMBtu technical indicator, more gas storage would be nice to see, especially during the hi potential demand period in anticipation of air conditioning units being turned on.

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.  The low-price environment continues to present a great opportunity for commercial and residential customers to lock in power and gas rate plans for the next 12-month period and beyond.

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 saw activity across all cities we track.  All cities are now at or above their historical averages.  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.

Hurricane season is upon us and has the potential to bring regional devastation and additional power and gas price volatility.  The Atlantic region is currently disturbance free but we will keep you posted with weekly activity reports until November.  The best hedge continues to be a fixed price power and gas products for residential and commercial customers in deregulated markets.

The prompt month contract shifted to August, and ended the week up 5.6%, settling at $2.31 / MMBtu.  The 12, 24, and 36-month contracts were also up, settling at $2.47; $2.52; and $2.54 / MMBtu respectively.  There is still great value in rate locking your power and gas supply with fixed price term contracts.  While wholesale power and gas markets are stable, 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 June 27, 2019 for the week ending June 21, 2019. The overall storage level ended the week at 2,301 / MMBtu, an increase in the system of 98 MMBtu.  Natural gas storage levels are 6.9.% below the 5-year average, and 11.4% 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.  While it is good to see storage break the 2,000 MMBtu technical indicator, more gas storage would be nice to see, especially during the hi potential demand period in anticipation of air conditioning units being turned on.

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.  The low-price environment continues to present a great opportunity for commercial and residential customers to lock in power and gas rate plans for the next 12-month period and beyond.

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 saw activity across all cities we track.  All cities are now at their historical averages.  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.

Hurricane season is upon us and has the potential to bring regional devastation and additional power and gas price volatility.  The Atlantic region is currently disturbance free but we will keep you posted with weekly activity reports until November.  The best hedge continues to be a fixed price power and gas products for residential and commercial customers in deregulated markets.

The prompt month contract ended the week down big at 8.4%, settling at $2.19 / MMBtu.  The 12, 24, and 36-month contracts were also down, settling at $2.36; $2.47; and $2.52 / MMBtu respectively.  Could we really see natural gas fall below the $2.00 range?  The market continues to be driven by weak demand due to stable summer temperatures.  All it will take is a heat wave to come in and bring market price volatility back.  While wholesale power and gas markets are stable, 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 June 20, 2019 for the week ending June 14, 2019. The overall storage level ended the week at 2,203 / MMBtu, an increase in the system of 115 MMBtu.  Natural gas storage levels are 8.3.% below the 5-year average, and 10.5% 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.  While it is good to see storage break the 2,000 MMBtu technical indicator, more gas storage would be nice to see, especially during the hi potential demand period in anticipation of air conditioning units being turned on.

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.  The low-price environment continues to present a great opportunity for commercial and residential customers to lock in power and gas rate plans for the next 12-month period and beyond.

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 saw activity across all cities we track.  Boston, NYC, and Chicago continue their trend below historical averages.  Philadelphia, Washington DC, and Houston are all in the range of their comparable weekly averages.  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.

Hurricane season is upon us and has the potential to bring regional devastation and additional power and gas price volatility.  The Atlantic region is currently disturbance free but we will keep you posted with weekly activity reports until November.  The best hedge continues to be a fixed price power and gas products for residential and commercial customers in deregulated markets.

The prompt month contract ended the week up 2.0%, settling at $2.39 / MMBtu.  The 12, 24, and 36-month contracts were also up, settling at $2.54; $2.59; and $2.61 / MMBtu respectively.  This is all driven by weak demand due to stable spring temperatures in the Henry Hub service territory.  While wholesale power and gas markets are stable, 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 June 13, 2019 for the week ending June 7, 2019. The overall storage level ended the week at 2,088 / MMBtu, an increase in the system of 102 MMBtu.  Natural gas storage levels are 9.9% below the 5-year average, and 10.0% 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 markedly below historical averages, but there are still ample supplies of natural gas in the ground that has yet to be tapped by producers.  While it is good to see storage break the 2,000 MMBtu technical indicator, more gas storage would be nice to see, especially during the hi potential demand period in anticipation of air conditioning units being turned on.

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.  The low-price environment continues to present a great opportunity for commercial and residential customers to lock in power and gas rate plans for the next 12-month period and beyond.

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 saw activity across all cities we track.  All locations remain under the 5-year average which is adding stability to the local markets.  Great time to rate-lock power and gas supply for retail customers.

Hurricane season has begun and has the potential to bring regional devastation and additional power and gas price volatility.  The Atlantic region is currently disturbance free but we will keep you posted with weekly activity reports until November.  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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