A Little Price Bounce, But Good Rates Still Available: The Beacon, 11/16/2020

The Headline:   Prices are up a little through 2021, but flat after that.  There is still good opportunity to lock in your electricity and natural gas rates and save money.  

The Bottom Line:    Natural gas prices bounced a little after last week’s big drop, leaving electricity prices slightly higher, as well.   Drilling rigs out in the field, however, are still very low – roughly 43% of pre-COVID numbers.   This is causing lots of market chatter about how much gas we will have in storage next spring – when storage levels are low, prices get high.   We are still recommending that all of our clients get rates locked in as soon as possible.    

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