Now Is The Time: The Beacon, 11/23/2020

The Headline:   Prices are down big time through 2022, but up only slightly after that.  This is a prime opportunity to lock in your electricity and natural gas rates and save money.  

The Bottom Line:    Natural gas prices dropped sharply, erasing the market increases we have seen since August.   Drilling rigs out in the field, however, are still very low – roughly 44% of pre-COVID numbers.   There is a lot of concern in the market about how much gas we will have in storage next spring – when storage levels are low, prices get high.   We recommend avoiding the risk of price increases through the winter by locking in both electricity and gas rates as soon as possible.    

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