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Items filtered by date: June 2019

The prompt month contract shifted to August, and ended the week up 5.6%, settling at $2.31 / MMBtu.  The 12, 24, and 36-month contracts were also up, settling at $2.47; $2.52; and $2.54 / MMBtu respectively.  There is still great value in rate locking your power and gas supply with fixed price term contracts.  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 opinion.

New gas storage levels came out on June 27, 2019 for the week ending June 21, 2019. The overall storage level ended the week at 2,301 / MMBtu, an increase in the system of 98 MMBtu.  Natural gas storage levels are 6.9.% below the 5-year average, and 11.4% above 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 below historical averages, but there are still ample supplies of natural gas in the ground that has yet to be tapped by producers.  While it is good to see storage break the 2,000 MMBtu technical indicator, more gas storage would be nice to see, especially during the hi potential demand period in anticipation of air conditioning units being turned on.

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.

Weekly changes in cooling degree days saw activity across all cities we track.  All cities are now at their historical averages.  Weather continues to be the most significant risk to all customers who have chosen not to hedge power and gas price volatility with fixed price contracts.  Great time to rate-lock power and gas supply for retail customers.

Hurricane season is upon us and has the potential to bring regional devastation and additional power and gas price volatility.  The Atlantic region is currently disturbance free but we will keep you posted with weekly activity reports until November.  The best hedge continues to be a fixed price power and gas products for residential and commercial customers in deregulated markets.

Published in Industry News

The prompt month contract ended the week down big at 8.4%, settling at $2.19 / MMBtu.  The 12, 24, and 36-month contracts were also down, settling at $2.36; $2.47; and $2.52 / MMBtu respectively.  Could we really see natural gas fall below the $2.00 range?  The market continues to be driven by weak demand due to stable summer temperatures.  All it will take is a heat wave to come in and bring market price volatility back.  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 opinion.

New gas storage levels came out on June 20, 2019 for the week ending June 14, 2019. The overall storage level ended the week at 2,203 / MMBtu, an increase in the system of 115 MMBtu.  Natural gas storage levels are 8.3.% below the 5-year average, and 10.5% above 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 below historical averages, but there are still ample supplies of natural gas in the ground that has yet to be tapped by producers.  While it is good to see storage break the 2,000 MMBtu technical indicator, more gas storage would be nice to see, especially during the hi potential demand period in anticipation of air conditioning units being turned on.

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.

Weekly changes in cooling degree days saw activity across all cities we track.  Boston, NYC, and Chicago continue their trend below historical averages.  Philadelphia, Washington DC, and Houston are all in the range of their comparable weekly averages.  Weather continues to be the most significant risk to all customers who have chosen not to hedge power and gas price volatility with fixed price contracts.  Great time to rate-lock power and gas supply for retail customers.

Hurricane season is upon us and has the potential to bring regional devastation and additional power and gas price volatility.  The Atlantic region is currently disturbance free but we will keep you posted with weekly activity reports until November.  The best hedge continues to be a fixed price power and gas products for residential and commercial customers in deregulated markets.

Published in Industry News

The prompt month contract ended the week up 2.0%, settling at $2.39 / MMBtu.  The 12, 24, and 36-month contracts were also up, settling at $2.54; $2.59; and $2.61 / MMBtu respectively.  This is all driven by weak demand due to stable spring temperatures in the Henry Hub service territory.  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 opinion.

New gas storage levels came out on June 13, 2019 for the week ending June 7, 2019. The overall storage level ended the week at 2,088 / MMBtu, an increase in the system of 102 MMBtu.  Natural gas storage levels are 9.9% below the 5-year average, and 10.0% above 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.  While it is good to see storage break the 2,000 MMBtu technical indicator, more gas storage would be nice to see, especially during the hi potential demand period in anticipation of air conditioning units being turned on.

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.

Weekly changes in cooling degree days saw activity across all cities we track.  All locations remain under the 5-year average which is adding stability to the local markets.  Great time to rate-lock power and gas supply for retail customers.

Hurricane season has begun and has the potential to bring regional devastation and additional power and gas price volatility.  The Atlantic region is currently disturbance free but we will keep you posted with weekly activity reports until November.  The best hedge continues to be a fixed price power and gas products for residential and commercial customers in deregulated markets.

Published in Industry News

The prompt month contract ended the week down 5.0%, settling at $2.34 / MMBtu.  The 12, 24, and 36-month contracts were also down, settling at $2.51; $2.58; and $2.60 / MMBtu respectively.  This is all driven by low demand due to stable spring temperatures in the Henry Hub service territory.  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 June 6, 2019 for the week ending May 31, 2019. The overall storage level ended the week at 1,986 / MMBtu, an increase in the system of 119 MMBtu.  Natural gas storage levels are 10.8% below the 5-year average, and 10.1% above 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.

Weekly changes in cooling degree days saw activity across all cities we track.  All locations remain under the 5-year average which is adding stability to the local markets.  Great time to rate-lock power and gas supply for retail customers.

Hurricane season has begun and has the potential to bring regional devastation and additional power and gas price volatility.  The Atlantic region is currently disturbance free but we will keep you posted with weekly activity reports until November.  The best hedge continues to be a fixed price power and gas products for residential and commercial customers in deregulated markets.

Published in Industry News

The prompt month contract shifted to July 2019 and ended the week down, settling at $2.45 / MMBtu.  The 12, 24, and 36-month contracts were also down, settling at $2.60; $2.62; and $2.63 / MMBtu respectively.  This is all driven by low demand due to stable spring temperatures in the Henry Hub service territory.  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 30, 2019 for the week ending May 24, 2019. The overall storage level ended the week at 1,867 / MMBtu, an increase in the system of 114 MMBtu.  Natural gas storage levels are 12.1% below the 5-year average, and 9.1% above 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.

Weekly changes in cooling degree days saw activity across all cities we track with the exception of Boston.  All locations remain under the 5-year average which is adding stability to the local markets.  Great time to rate-lock power and gas supply for retail customers.

Hurricane season will begin June 1 and has the potential to bring regional devastation and additional power and gas price volatility.  The Atlantic region is currently disturbance free but we will keep you posted with weekly activity reports until November.  The best hedge continues to be a fixed price power and gas products for residential and commercial customers in deregulated markets.

Published in Industry News

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