A Mixed Market -- Time to Get Ready to Lock in Savings! The Beacon: 10/26/2020
The Headline: Natural gas and electricity prices ended up mixed last week – up in November, down in the next few months, then basically flat after that. Storage numbers are still setting 5-year highs, drilling rigs are up again, but cold weather is the big market driver at the moment.
The Bottom Line: We suggest locking in rates if you have a start date later in 2021, but if you are looking for a prompt start, this is the week to get ready to execute soon. There is still a lot of risk of increased prices through the winter – don’t wait around!
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