Menu
Items filtered by date: January 2019

The natural gas (Henry Hub) prompt month contract ended the short holiday trading week down 9%, settling at $3.18 / MMBtu.  The 12, 24, and 36-month contracts settled at $3.01; $2.87; and $2.80 / 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 continues to be prudent risk management strategy for both commercial and residential customers.

New gas storage levels came out on January 24, 2019 for the week ending January 18, 2019, and showed a big weather driven drawdown in the system. The overall storage level ended the week at 2,370 / MMBtu, a net weekly seasonal driven decline in the system of 163 MMBtu.  Natural gas storage levels are 11.4% below the 5-year average, and 1.4% 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.  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 ended the week up 12%, settling at $3.48 / MMBtu.  The 12, 24, and 36-month contracts settled at $3.03; $2.88; and $2.80 / 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 January 17, 2019 for the week ending January 11, 2019. The overall storage level ended the week at 2,533 / MMBtu, a moderate net weekly seasonal driven decline in the system of 81 MMBtu.  We remain below the 3,000 technical level.  Natural gas storage levels are 11.4% below the 5-year average, and 3.0% 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 at $3.10 / MMBtu.  The 12, 24, and 36-month contracts settled at $2.90; $2.82; and $2.77 / 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 January 10, 2019 for the week ending January 4, 2019. The overall storage level ended the week at 2,614 / MMBtu, a moderate net weekly seasonal driven decline in the system of 91 MMBtu.  We remain below the 3,000 technical level.  Natural gas storage levels are 15.1% below the 5-year average, and 7.2% 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!). 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 down 7.8% at $3.04 / MMBtu.  The 12, 24, and 36-month contracts settled at $2.81; $2.72; and $2.69 / 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 January 4, 2019 for the week ending December 28, 2018. The overall storage level ended the week at 2,705 / MMBtu, a moderate net weekly seasonal driven decline in the system of 20 MMBtu.  We remain below the 3,000 technical level.  Natural gas storage levels are 17.2% below the 5-year average, and 14.3% 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!). 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

Login or Sign In