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Prompt month contract ended the week flat, settling at $2.57 / MMBtu.  The 12, 24, and 36-month contracts were also unchanged, settling at $2.70; $2.68; and $2.67 / MMBtu respectively.  This is all driven by low demand due to stable spring temperatures in the Henry Hub service territory.  Local markets can see big volatility swings driven by unseasonable temperatures in the weather patterns, but we have not seen any of this kind of activity to date.  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 humble opinion.

New gas storage levels came out on May 2, 2019 for the week ending April 26, 2019. The overall storage level ended the week at 1,462 / MMBtu, a much-needed increase in the system of 123 MMBtu.  Natural gas storage levels are 17.8% below the 5-year average, and 9.6% below 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. 

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.

We will start our regional coverage of local heating degree days, and will continue coverage until the summer volatility season ends.  Not much activity to show as temperatures remain mild across deregulated power markets that we currently track.

Prompt month contract ended the week up 6%, settling at $2.57 / MMBtu.  The 12, 24, and 36-month contracts were also up, settling at $2.73; $2.69; and $2.68 / MMBtu respectively.  This is all driven by low demand due to stable spring temperatures in the Henry Hub service territory.  Local markets can see big volatility swings driven by unseasonable temperatures in the weather patterns.  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 humble opinion.

New gas storage levels came out on April 25, 2019 for the week ending April 19, 2019. The overall storage level ended the week at 1,339 / MMBtu, a much-needed increase in the system of 92 MMBtu.  Natural gas storage levels are 21.6% below the 5-year average, and 4.3% below 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. 

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.

Shoulder season continues, where much needed weekly injections into the natural gas storage system can be expected.  Storage levels are low.  This should cause concern to everyone on variable rate power and gas supply plans leading into the summer volatility season.

Natural gas markets had a short trading week due to Good Friday.  Prompt month contract ended the week down 6%, settling at $2.49 / MMBtu.  The 12, 24, and 36-month contracts were also down, settling at $2.70; $2.69; and $2.67 / MMBtu respectively.  This is all driven by low demand due to stable spring temperatures in the Henry Hub service territory.  Local markets can see big volatility swings driven by unseasonable temperatures in the weather patterns.  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 humble opinion.

New gas storage levels came out on April 18, 2019 for the week ending April 12, 2019. The overall storage level ended the week at 1,247 / MMBtu, a much-needed increase in the system of 92 MMBtu.  Natural gas storage levels are 24.9% below the 5-year average, and 4.4% below 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. 

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.

Shoulder season continues, where much needed weekly injections into the natural gas storage system can be expected.  Storage levels are low.  This should cause concern to everyone on variable rate power and gas supply plans leading into the summer volatility season.

The natural gas (Henry Hub) prompt month contract ended the week unchanged from prior, settling at $2.66 / MMBtu.  The 12, 24, and 36-month contracts were also unchanged, settling at $2.85; $2.79; and $2.75 / MMBtu respectively.  Keep in mind that the above gas prices are for the benchmark Henry Hub Index.  Several conditions can add significant volatility to your local power and gas markets, weather being the biggest one.  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 humble opinion.

New gas storage levels came out on April 11, 2019 for the week ending April5, 2019. The overall storage level ended the week at 1,155 / MMBtu, a much-needed increase in the system of 25 MMBtu.  Natural gas storage levels are 29.6% below the 5-year average, and 13.7% below 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. 

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.

Shoulder season continues, where much needed weekly injections into the natural gas storage system can be expected.  Storage levels are low.  This should cause concern to everyone on variable rate power and gas supply plans leading into the summer volatility season.

The natural gas (Henry Hub) prompt month contract ended the week unchanged from prior, settling at $2.66 / MMBtu.  The 12, 24, and 36-month contracts were also unchanged, settling at $2.84; $2.78; and $2.74 / MMBtu respectively.  Keep in mind that the above gas prices are for the benchmark Henry Hub Index.  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 humble opinion.

New gas storage levels came out on April 4, 2019 for the week ending March 29, 2019. The overall storage level ended the week at 1,130 / MMBtu, a much-needed increase in the system of 23 MMBtu.  Natural gas storage levels are 30.9% below the 5-year average, and 16.8% below 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. 

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.

Shoulder season continues, where much needed weekly injections into the natural gas storage system can be expected.  Storage levels are low.  This should cause concern to everyone on variable rate power and gas supply plans leading into the summer volatility season.

The natural gas (Henry Hub) prompt month contract settled down slightly for the week at $2.66 / MMBtu.  The 12, 24, and 36-month contracts were also slightly off for the week, settling at $2.84; $2.77; and $2.73 / MMBtu respectively.  Keep in mind that the above gas prices are for the benchmark Henry Hub Index.  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 humble opinion.

New gas storage levels came out on March 28, 2019 for the week ending March 22, 2019. The overall storage level ended the week at 1,107 / MMBtu, a net weekly seasonal driven decline in the system of 36 MMBtu.  It is shocking to see how close we are to falling below the 1,000 MMBTU natural gas storage level in the system.  Natural gas storage levels are 33.2% below the 5-year average, and 20.5% below 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. 

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.

Shoulder season continues, where much needed weekly injections into the natural gas storage system can be expected.  Storage levels are low.  This should cause concern to everyone on variable rate power and gas supply plans leading into the summer volatility season.

The natural gas (Henry Hub) prompt month contract settled down slightly for the week at $2.75 / MMBtu.  The 12, 24, and 36-month contracts were also slightly off for the week, settling at $2.93; $2.83; and $2.77 / MMBtu respectively.  Keep in mind that the above gas prices are for the benchmark Henry Hub Index.  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 humble opinion.

New gas storage levels came out on March 21, 2019 for the week ending March 15, 2019. The overall storage level ended the week at 1,143 / MMBtu, a net weekly seasonal driven decline in the system of 47 MMBtu.  It is shocking to see how close we are to falling below the 1,000 MMBTU natural gas storage level in the system.  Natural gas storage levels are 32.7% below the 5-year average, and 21.6% below 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. 

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.

We will now enter what is known as the shoulder season, where much needed weekly injections into the natural gas storage system can be expected.  Storage levels are low.  This should cause concern to everyone on variable rate power and gas supply plans leading into the summer volatility season.

The natural gas (Henry Hub) prompt month contract settled down slightly for the week at $2.80 / MMBtu.  The 12, 24, and 36-month contracts were also slightly off for the week, settling at $2.95; $2.83; and $2.77 / MMBtu respectively.  Keep in mind that the above gas prices are for the benchmark Henry Hub Index.  Gas basis differentials saw significant increases in markets where gas transportation infrastructure was not able to get gas to where it was needed most.  The increase in gas basis often translates to increases in the price for natural gas in constrained markets, and that correlates directly to extreme wholesale power price volatility.  The only way to effectively hedge this price volatility is by using fixed price residential and commercial power and natural gas products.  Offering fixed price contracts can lead to significant price volatility risk that can take down a supply company if they do not do a good job of managing their book.  Customers on variable price electricity and natural gas contracts expose themselves to that same degree of price risk.

New gas storage levels came out on March 14, 2019 for the week ending March 8, 2019, and showed another big weather driven drawdown in the system. The overall storage level ended the week at 1,186 / MMBtu, a net weekly seasonal driven decline in the system of 204 MMBtu.  It is shocking to see how close we are to falling below the 1,000 MMBTU natural gas storage level in the system.  Natural gas storage levels are 32.4% below the 5-year average, and 23.2% below 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. 

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.

We will now enter what is known as the shoulder season, where much needed weekly injections into the natural gas storage system can be expected.  Storage levels are low.  This should cause concern to everyone on variable rate power and gas supply plans leading into the summer volatility season.

The natural gas (Henry Hub) prompt month contract settled flat for the week at $2.87 / MMBtu.  The 12, 24, and 36-month contracts were also unchanged, settling at $3.00; $2.86; and $2.79 / MMBtu respectively.  Keep in mind that the above gas prices are for the benchmark Henry Hub Index.  Gas basis differentials saw significant increases in markets where gas transportation infrastructure was not able to get gas to where it was needed most.  The increase in gas basis often translates to increases in the price for natural gas in constrained markets, and that correlates directly to extreme wholesale power price volatility.  The only way to effectively hedge this price volatility is by using fixed price residential and commercial power and natural gas products.  Offering fixed price contracts can lead to significant price volatility risk that can take down a supply company if they do not do a good job of managing their book.  Customers on variable price electricity and natural gas contracts expose themselves to that same degree of price risk.

The prompt month gas contract has fallen back under the longer dated forward contracts.  That being said, taking fixed price term contracts for both power and gas continues to be prudent risk management strategy for both commercial and residential customers.

New gas storage levels came out on March 7, 2019 for the week ending March 1, 2019, and showed another big weather driven drawdown in the system. The overall storage level ended the week at 1,390 / MMBtu, a net weekly seasonal driven decline in the system of 149 MMBtu.  Natural gas storage levels are 25.0% below the 5-year average, and 14.9% below 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. 

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.  The heating degree day bars continue to show that winter 2018 has been colder vs comparable prior periods.  Increased demand for heating fuels such as natural gas drive both wholesale and retail power and gas price volatility.

We will now enter what is known as the shoulder season, where much needed weekly injections into the natural gas storage system can be expected.  Levels are low.  This should cause concern to everyone on variable rate power and gas supply plans leading into the summer volatility season.

The natural gas (Henry Hub) prompt month contract ended the week up 5.2%, settling at $2.86 / MMBtu.  The 12, 24, and 36-month contracts were also up, settling at $3.00; $2.84; and $2.77 / MMBtu respectively.  Keep in mind that the above gas prices are for the benchmark Henry Hub Index.  Gas basis differentials saw significant increases in markets where gas transportation infrastructure was not able to get gas to where it was needed most.  The increase in gas basis often translates to increases in the price for natural gas in constrained markets, and that correlates directly to extreme wholesale power price volatility.  The only way to effectively hedge this price volatility is by using fixed price residential and commercial power and natural gas products.  Offering fixed price contracts can lead to significant price volatility risk that can take down a supply company if they do not do a good job of managing their book.  Customers on variable price electricity and natural gas contracts expose themselves to that same degree of price risk.

The prompt month gas contract has fallen back under the longer dated forward contracts.  That being said, taking fixed price term contracts for both power and gas continues to be prudent risk management strategy for both commercial and residential customers.

New gas storage levels came out on February 28, 2019 for the week ending February 22, 2019, and showed another big weather driven drawdown in the system. The overall storage level ended the week at 1,539 / MMBtu, a net weekly seasonal driven decline in the system of 166 MMBtu.  Natural gas storage levels are 21.6% below the 5-year average, and 9.1% below 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. 

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.  The heating degree day bars continue to show that winter 2018 has been colder vs comparable prior periods.  Increased demand for heating fuels such as natural gas drive both wholesale and retail power and gas price volatility.

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