Menu
Items filtered by date: December 2018

The natural gas (Henry Hub) prompt month contract has shirted to February 2019, and settled the week down 13.4% at $3.30 / MMBtu.  The 12, 24, and 36-month contracts were also down for the week, settling at $2.95; $2.81; and $2.74 / MMBtu respectively.  Keep in mind that the above gas prices are for the benchmark Henry Hub Index.  The curve continues to display a well-established contango shape, indicating buying opportunities for those customers electing to lock in rates for longer terms (both power and gas).  As seen in the YTD Henry Hub Gas price chart, spreads are getting wider between the prompt month and term contracts.  Taking fixed price term contracts for both power and gas is becoming even more attractive for both commercial and residential customers.

New gas storage levels came out on December 28, 2018 for the week ending December 21, 2018.  The overall storage level ended the week at 2,725 / MMBtu, a seasonal driven decline in the system of 48 MMBtu.  We are now below the 3,000 technical level.  Natural gas storage levels are 19.2% below the 5-year average, and 18.6% 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!). 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.

Published in Industry News

The natural gas (Henry Hub) prompt month contract settled the week flat at $3.82 / MMBtu.  The 12, 24, and 36-month contracts settled at $3.12; $2.92; and $2.82 / MMBtu respectively.  Keep in mind that the above gas prices are for the benchmark Henry Hub Index.  The curve continues to display a well-established contango shape, indicating buying opportunities for those customers electing to lock in rates for longer terms (both power and gas).  As seen in the YTD Henry Hub Gas price chart, spreads are getting wider between the prompt month and term contracts.  Taking fixed price term contracts for both power and gas is becoming even more attractive for both commercial and residential customers.

New gas storage levels came out on December 20, 2018 for the week ending December 14, 2018. The overall storage level ended the week at 2,773 / MMBtu, a big net weekly seasonal driven decline in the system of 141 MMBtu.  We are now below the 3,000 technical level.  Natural gas storage levels are 20.6% below the 5-year average, and 20.1% 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!). 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.

Published in Industry News

The natural gas (Henry Hub) prompt month contract saw a big decline for the week at Friday’s close.   The January 2019 contract settled at $3.83 / mmbtu which represents a 15% weekly decline.  The 12, 24, and 36-month contracts settled at $3.09; $2.90; and $2.81 / mmbtu respectively.  While the prompt month decline was indeed steep, a quick look at the LTM gas chart shows that the market is still elevated relative to 12 months ago.  Keep in mind that the above gas prices are for the benchmark Henry Hub Index.  The curve continues to display a well-established contango shape, indicating buying opportunities for those customers electing to lock in rates for longer terms (both power and gas).  As seen in the YTD Henry Hub Gas price chart, spreads are getting wider between the prompt month and term contracts.  Taking fixed price term contracts for both power and gas is becoming even more attractive for both commercial and residential customers.

New gas storage levels came out on December 13, 2018 for the week ending December 7, 2018. The overall storage level ended the week with a cold weather driven decline at 2,914 / mmbtu, a net weekly decline in the system of 77 BCF.  We are now below the 3,000 technical level.  Natural gas storage levels are 19.9% below the 5-year average, and 19.9% 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!). 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.

Published in Industry News

The natural gas (Henry Hub) forward contracts all saw modest increases for the week, with the prompt month settling down.  Some may see this as an over-correction in the prompt contract.  Others will take the view that this is a seasonal cold weather driven market, with no direction feasible without placing a bet on future temperatures.  As a consumer of power and gas, do you want to place that bet, or have a trusted ESCO manage that risk on your behalf with a fixed price contract?  The prompt month contract settled at $4.49 / mmbtu.  The 12, 24, and 36-month contracts settled at $3.29; $3.00; and $2.88 / mmbtu respectively.  Keep in mind that the above gas prices are for the benchmark Henry Hub Index.  The curve continues to display a well-established contango shape, indicating buying opportunities for those customers electing to lock in rates for longer terms (both power and gas).  As seen in the YTD Henry Hub Gas price chart, spreads are getting wider between the prompt month and term contracts.  Taking fixed price term contracts for both power and gas is becoming even more attractive for both commercial and residential customers.

New gas storage levels came out on December 7, 2018 for the week ending November 30,2018. The overall storage level ended the week with a cold weather driven decline at 2,991 / mmbtu, a net weekly decline in the system of 59 BCF.  We are now below the 3,000 technical level.  Natural gas storage levels are 19.5% below the 5-year average, and 19.1% 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!). 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.

Published in Industry News

The natural gas (Henry Hub) forward contracts all saw modest declines for the week, with elevated prompt month contract.  The prompt month contract settled at $4.61 / mmbtu.  The 12, 24, and 36-month contracts settled at $3.21; $2.94; and $2.84 / mmbtu respectively.  Keep in mind that the above gas prices are for the benchmark Henry Hub Index.  The curve continues to display a well-established contango shape, indicating buying opportunities for those customers electing to lock in rates for longer terms (both power and gas).  As seen in the YTD Henry Hub Gas price chart, spreads are getting wider between the prompt month and term contracts.  Taking fixed price term contracts for both power and gas is becoming even more attractive for both commercial and residential customers.

New gas storage levels came out on November 29, 2018 for the week ending November 23,2018. The overall storage level ended the week with a cold weather driven decline at 3,054 / mmbtu, a net weekly decline in the system of 59 BCF.  Natural gas storage levels are 19.1% below the 5-year average, and 17.4% 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!). 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.

Published in Industry News

Login or Sign In