Weekly Energy Report (11/04/2019)

Without much warning, the wholesale energy market made a material price jump last week, with all of the forward months and annual strips finishing Friday up from the previous week. When prices are as low as they were, people buy, and that increased demand pulls prices up. We will see if things settle down this week, or if this marks the start of a more general price increase. I don’t want to overstate the increase, however – prices have gone from fantastic to just really really good, and going into the winter with unhedged positions is still a bad idea. Give your Lighthouse contact a call at 937-709-0098 x701 to get your rate locked in and take the risk of price increases off the table.

Click here for your FREE energy report printable.