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Industry News (456)

Prompt month natural gas contracts settled the week up 3.7%, closing the week at $3.10 / mmbtu. The 12, 24, and 36-month contracts were also flat, settling at $3.08; $2.94; and $2.86 / 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.  Tight spreads between the short term and long-term natural gas contracts are compelling and continue to support the decision of locking your 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 June 3, 2021 for the week ending May 28, 2021.  The overall storage level ended the week back above the 2,000 technical indicators at 2,313 / MMBtu, a weekly increase in the system of 98 MMBtu.  Natural gas storage levels are 2.6% below the 5-year average, and 14.3% 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!). Wholesale based pricing products are leaving the ERCOT markets as many consumers and law makers saw these products as a contributor to the market chaos brought on by extreme weather conditions across Texas. 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.

With the summer season here, we begin our coverage of weekly cooling degree days vs historical averages in each market.  Higher bars in our charts lead to higher cooling degree days and increased price volatility.  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 shifted to July, and settled the week up 2.8% at $2.99 / mmbtu. The 12, 24, and 36-month contracts all settled relatively flat, closing at $2.97; $2.84; and $2.76 / 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.  Tight spreads between the short term and long-term natural gas contracts are compelling and continue to support the decision of locking your 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.  This is the first week of summer and history shows hot temperatures lead to increased AC and power usage which always drive prices for the power and gas commodity up.

New gas storage levels came out on May 27, 2021 for the week ending May 21, 2021.  The overall storage level ended the week back above the 2,000 technical indicators at 2,215 / MMBtu, a weekly increase in the system of 115 MMBtu.  Natural gas storage levels are 2.8% below the 5-year average, and 14.7% 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!). Wholesale based pricing products are leaving the ERCOT markets as many consumers and law makers saw these products as a contributor to the market chaos brought on by extreme weather conditions across Texas. 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.

Heating Degree Day tracking for unregulated markets have started.  The higher the bars go each week above the average, the more AC usage and corresponding power demand will lead to increased price volatility.  Keep the risk where it belongs, and allow your energy supply partner to manage this risk.  This is not a risk that customers should be exposed to.

Prompt month natural gas contracts settled the week flat, closing the week at $2.96 / mmbtu. The 12, 24, and 36-month contracts were also flat, settling at $3.01; $2.85; and $2.76 / 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.  Tight spreads between the short term and long-term natural gas contracts are compelling and continue to support the decision of locking your 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 May 20, 2021 for the week ending May 14, 2021.  The overall storage level ended the week back above the 2,000 technical indicators at 2,100 / MMBtu, a weekly increase in the system of 71 MMBtu.  Natural gas storage levels are 4.0% below the 5-year average, and 15.7% 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!). Wholesale based pricing products are leaving the ERCOT markets as many consumers and law makers saw these products as a contributor to the market chaos brought on by extreme weather conditions across Texas. 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 contracts settled the week flat, closing the week at $2.96 / mmbtu. The 12, 24, and 36-month contracts were also flat, settling at $3.01; $2.85; and $2.76 / 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.  Tight spreads between the short term and long-term natural gas contracts are compelling and continue to support the decision of locking your 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 May 13, 2021 for the week ending May 7, 2021.  The overall storage level ended the week back above the 2,000 technical indicators at 2,029 / MMBtu, a weekly increase in the system of 71 MMBtu.  Natural gas storage levels are 3.4% below the 5-year average, and 16.2% 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!). Wholesale based pricing products are leaving the ERCOT markets as many consumers and law makers saw these products as a contributor to the market chaos brought on by extreme weather conditions across Texas. 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 contracts settled the week up modestly, settling the week at $2.96 / mmbtu. The 12, 24, and 36-month contracts were also up, settling at $2.99; $2.83; and $2.75 / 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.  Tight spreads between the short term and long-term natural gas contracts are compelling and continue to support the decision of locking your 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 May 6, 2021 for the week ending April 30, 2021.  The overall storage level ended the week has now dropped below 2,000 technical indicators at 1,958 / MMBtu, a weekly increase in the system of 60 MMBtu.  Natural gas storage levels are 3.0% below the 5-year average, and 15.0% 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!). Wholesale based pricing products are leaving the ERCOT markets as many consumers and law makers saw these products as a contributor to the market chaos brought on by extreme weather conditions across Texas. 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 contracts shifted to June, and settled the week up 7.4% at $2.93 / mmbtu. The 12, 24, and 36-month contracts were also up, settling at $2.97; $2.80; and $2.72 / 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.  Tight spreads between the short term and long-term natural gas contracts are compelling and continue to support the decision of locking your 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 April 29, 2021 for the week ending April 23, 2021.  The overall storage level ended the week has now dropped below 2,000 technical indicators at 1,898 / MMBtu, a weekly increase in the system of 15 MMBtu.  Natural gas storage levels are 2.1% below the 5-year average, and 13.7% 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!). Wholesale based pricing products are leaving the ERCOT markets as many consumers and law makers saw these products as a contributor to the market chaos brought on by extreme weather conditions across Texas. 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 contracts settled the week up 1.9% at $2.73 / mmbtu. The 12, 24, and 36-month contracts were also up, settling at $2.93; $2.78; and $2.71 / 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.  Tight spreads between the short term and long-term natural gas contracts are compelling and continue to support the decision of locking your 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 April 22, 2021 for the week ending April 16, 2021.  The overall storage level ended the week has now dropped below 2,000 technical indicators at 1,883 / MMBtu, a weekly increase in the system of 38 MMBtu.  Natural gas storage levels are 0.6% above the 5-year average, and 11.8% 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!). Wholesale based pricing products are leaving the ERCOT markets as many consumers and law makers saw these products as a contributor to the market chaos brought on by extreme weather conditions across Texas. 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 contracts settled the week up 6.1% at $2.68 / mmbtu. The 12, 24, and 36-month contracts were also up, settling at $2.88; $2.75; and $2.70 / 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 the short term and long-term natural gas contracts are compelling and continue to support the decision of locking your 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 April 15, 2021 for the week ending April 9, 2021.  The overall storage level ended the week has now dropped below 2,000 technical indicators at 1,845 / MMBtu, a weekly increase in the system of 61 MMBtu.  Natural gas storage levels are 0.6% above the 5-year average, and 11.6% under 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!). Wholesale based pricing products are leaving the ERCOT markets as many consumers and law makers saw these products as a contributor to the market chaos brought on by extreme weather conditions across Texas. 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 contracts settled the week down 4.3% at $2.53 / mmbtu. The 12, 24, and 36-month contracts were also down, settling at $2.77; $2.69; and $2.64 / 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 the short term and long-term natural gas contracts are compelling and continue to support the decision of locking your 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 April 8, 2021 for the week ending April 2, 2021.  The overall storage level ended the week has now dropped below 2,000 technical indicators at 1,784 / MMBtu, a weekly increase in the system of 20 MMBtu.  Natural gas storage levels are 1.3% below the 5-year average, and 11.6% under 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!). Wholesale based pricing products are leaving the ERCOT markets as many consumers and law makers saw these products as a contributor to the market chaos brought on by extreme weather conditions across Texas. 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.

Short holiday trading week saw the prompt month natural gas contract settle up 3.3% at $2.64 / mmbtu. The 12, 24, and 36-month contracts were up slightly, settling at $2.81; $2.70; and $2.65 / 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 the short term and long-term natural gas contracts are compelling and continue to support the decision of locking your 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 April 1, 2021 for the week ending March 26, 2021.  The overall storage level ended the week has now dropped below 2,000 technical indicators at 1,764 / mmbtu, the first seasonal increase in the system of 14 MMBtu.  Natural gas storage levels are 2.0% below the 5-year average, and 11.3% under 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!). Wholesale based pricing products are leaving the ERCOT markets as many consumers and law makers saw these products as a contributor to the market chaos brought on by extreme weather conditions across Texas. 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.

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