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Industry News (409)

Prompt month natural gas contract was up 1.2% for the week, settling at $2.77 / MMBtu.  The 12, 24, and 36-month contracts were also up, settling the week at $3.06; $2.93; and $2.80 / MMBtu respectively.  Covid 19 continues to crush demand for both power and natural gas.  This is for the liquid Henry Hub delivery point.  The forward natural gas curve signifies a great time to lock in your retail power and gas prices for longer stretches of time.  Volatility is low, and demand is weak.  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 October 15, 2020 for the week ending October 9, 2020. Natural gas storage in the system saw increases for the week with the fall seasonal temperatures coming down.  The overall storage level ended the week at 3,877 / MMBtu, an increase in the system of 46 MMBtu.  Natural gas storage levels are 10.0% above the 5-year average, and 11.1% 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.  This is not a risk that customers should be exposed to.

Prompt month natural gas contract was up 5.2% for the week, settling at $2.74 / MMBtu.  The 12, 24, and 36-month contracts were also up and are flirting with a $3 handle, settling the week at $2.98; $2.84; and $2.72 / MMBtu respectively.  Covid 19 continues to crush demand for both power and natural gas.  This is for the liquid Henry Hub delivery point.  The forward natural gas curve signifies a great time to lock in your retail power and gas prices for longer stretches of time.  Volatility is low, and demand is weak.  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 October 8, 2020 for the week ending October 2, 2020. Natural gas storage in the system saw increases for the week with the fall seasonal temperatures coming down.  The overall storage level ended the week at 3,831 / MMBtu, an increase in the system of 75 MMBtu.  Natural gas storage levels are 11.5% above the 5-year average, and 13.1% 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.  This is not a risk that customers should be exposed to.

Prompt month natural gas contract shifted to November and was up 14.0% for the week, settling at $2.44 / MMBtu.  The 12, 24, and 36-month contracts were down, settling the week at $2.82; $2.74; and $2.66 / MMBtu respectively.  Covid 19 continues to crush demand in both power and natural gas.  This is for the liquid Henry Hub delivery point.  The forward natural gas curve signifies a great time to lock in your retail power and gas prices for longer stretches of time.  Volatility is low, with weak demand.  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 October 1, 2020 for the week ending September 25, 2020. Natural gas storage in the system saw increases for the week with the fall seasonal temperatures coming down.  The overall storage level ended the week at 3,756 / MMBtu, an increase in the system of 76 MMBtu.  Natural gas storage levels are 12.2% above the 5-year average, and 14.3% 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 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.  This is not a risk that customers should be exposed to.

Prompt month natural gas contract was up 4.4% and settled the week at $2.14 / MMBtu.  The 12, 24, and 36-month contracts were also up, settling the week at $2.92; $2.83; and $2.73 / MMBtu respectively.  Covid 19 continues to crush demand in both power and natural gas.  This is for the liquid Henry Hub delivery point.  The forward natural gas curve signifies a great time to lock in your retail power and gas prices for longer stretches of time.  Volatility is low, with weak demand.  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 September 24, 2020 for the week ending September 18, 2020. Natural gas storage in the system saw increases for the week with the fall seasonal temperatures coming down.  The overall storage level ended the week at 3,680 / MMBtu, an increase in the system of 66 MMBtu.  Natural gas storage levels are 12.4% above the 5-year average, and 15.9% 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 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.

Prompt month natural gas contract fell 9.7% and settled the week at $2.05 / MMBtu.  The 12, 24, and 36-month contracts were also down, settling the week at $2.86; $2.80; and $2.71 / MMBtu respectively.  Covid 19 continues to crush demand in both power and natural gas.  This is for the liquid Henry Hub delivery point.  The forward natural gas curve signifies a great time to lock in your retail power and gas prices 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 September 17, 2020 for the week ending September 11, 2020. Natural gas storage in the system saw big increases for the week with the fall seasonal temperatures coming down.  The overall storage level ended the week at 3,614 / MMBtu, an increase in the system of 89 MMBtu.  Natural gas storage levels are 13.2% above the 5-year average, and 17.4% 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.

The upcoming week will be the late reporting week of summer cooling degree days.  Do not expect weather to be a factor in natural gas or power demand, and therefore price volatility.

In the holiday shortened trading week, prompt month natural gas contract fell 12.3% and settled the week at $2.27 / MMBtu.  The 12, 24, and 36-month contracts were also down, settling the week at $2.91; $2.82; and $2.72 / MMBtu respectively.  Covid 19 continues to crush demand in both power and natural gas.  This is for the liquid Henry Hub delivery point.  The forward natural gas curve signifies a great time to lock in your retail power and gas prices 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 September 10, 2020 for the week ending September 4, 2020. Natural gas storage in the system saw big increases for the week with the fall seasonal temperatures coming down.  The overall storage level ended the week at 3,525 / MMBtu, an increase in the system of 70 MMBtu.  Natural gas storage levels are 13.1% above the 5-year average, and 17.6% 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 well into the summer season, and early data has deregulated market locations warmer than historical average temperatures (elevated cooling degree days).  Air conditioning technologies will increase demand, and cause elevated levels of price volatility throughout markets that are open to choice.  Allow your ESCO to manage this price risk on your behalf with fixed price electricity and natural gas supply contracts.

Prompt month natural gas contract fell 2.6% and settled the week at $2.59 / MMBtu.  The 12, 24, and 36-month contracts were also up slightly, and settled the week at $2.99; $2.86; and $2.75 / MMBtu respectively.  Covid 19 continues to crush demand in both power and natural gas.  This is for the liquid Henry Hub delivery point.  NEPOOL customers have seen some price volatility due to natural gas constraints.  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 September 3, 2020 for the week ending August 28, 2020. Natural gas storage in the system continues to see weekly increases but to a lesser extent, which could mean that demand for natural gas is coming back.  The overall storage level ended the week at 3,455 / MMBtu, an increase in the system of 35 MMBtu.  Natural gas storage levels are 13.4% above the 5-year average, and 18.4% 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.  Natural gas storage has continued to see weekly increases, but those increase seem to be getting tighter every week.  This could be an indication that gas demand from Covid is starting to recover.

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 well into the summer season, and early data has deregulated market locations warmer than historical average temperatures (elevated cooling degree days).  Air conditioning technologies will increase demand, and cause elevated levels of price volatility throughout markets that are open to choice.  Allow your ESCO to manage this price risk on your behalf with fixed price electricity and natural gas supply contracts.

Prompt month natural gas contract shifted to October 2020 and was up for the week, settling at $2.66 / MMBtu.  The 12, 24, and 36-month contracts were also up to a lesser extent, settling the week at $2.94; $2.83; and $2.73 / MMBtu respectively.  Covid 19 continues to crush demand in both power and natural gas.  This is for the liquid Henry Hub delivery point.  NEPOOL customers have seen some price volatility due to natural gas constraints.  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 August 27, 2020 for the week ending August 21, 2020. Natural gas storage in the system continues to see weekly increases but to a lesser extent, which could mean that demand for natural gas is coming back.  The overall storage level ended the week at 3,420 / MMBtu, an increase in the system of 45 MMBtu.  Natural gas storage levels are 14.7% above the 5-year average, and 20.4% 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 well into the summer season, and early data has deregulated market locations warmer than historical average temperatures (elevated cooling degree days).  Air conditioning technologies will increase demand, and cause elevated levels of price volatility throughout markets that are open to choice.  Allow your ESCO to manage this price risk on your behalf with fixed price electricity and natural gas supply contracts.

Prompt month natural gas contract was up for the week, settling at $2.45 / MMBtu.  The 12, 24, and 36-month contracts were also up to a lesser extent, settling the week at $2.88; $2.81; and $2.71 / MMBtu respectively.  Coved 19 continues to crush demand in both power and natural gas.  This is for the liquid Henry Hub delivery point.  Power outages across the east coast due to hurricane Isaias continued, and some customers in NEPOOL have seen some price volatility due to natural gas constraints. There does not appear to be any issues getting natural gas to where it needs to be which is great for market stability.  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 August 20, 2020 for the week ending August 14, 2020. Natural gas storage in the system continues to see weekly increases but to a lesser extent, which could mean that demand for natural gas is coming back.  The overall storage level ended the week at 3,375 / MMBtu, an increase in the system of 43 MMBtu.  Natural gas storage levels are 15.1% above the 5-year average, and 21.4% 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 well into the summer season, and early data has markets warmer than historical average temperatures (elevated cooling degree days).  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 contract was up for the week, settling at $2.36 / MMBtu.  The 12, 24, and 36-month contracts were also up to a lesser extent, settling the week at $2.82; $2.75; and $2.67 / MMBtu respectively.  Coved 19 continues to crush demand in both power and natural gas.  This is for the liquid Henry Hub delivery point.  There does not appear to be any issues getting natural gas to where it needs to be which is great for market stability.  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 August 13, 2020 for the week ending August 7, 2020. Natural gas storage in the system continues to see weekly increases but to a lesser extent, which could mean that demand for natural gas is coming back.  The overall storage level ended the week at 3,332 / MMBtu, an increase in the system of 58 MMBtu.  Natural gas storage levels are 15.3% above the 5-year average, and 22.3% 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 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 well into the summer season, and early data has markets warmer than historical average temperatures (elevated cooling degree days).  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.

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