The Opportunity is Still Here: The Beacon, 11/30/2020

The Headline:   Prices are up a little through 2022, but most of the previous week’s drop is still intact.  This is still an excellent opportunity to lock in your electricity and natural gas rates and save money.  

The Bottom Line:    Natural gas prices came back a little from the previous week’s big price drop, but left most of the downward move in place – prices are still comparable to early fall.   Drilling rigs continue to creep up, but are still very low – roughly 44% of pre-COVID numbers.   That is going to make short-term prices vulnerable to weather and other short-term drivers, especially as storage levels start to drop due to low winter production and increased heating demand.   When storage levels get low, prices spike and get more volatile.   We are advising our customers to avoid that risk by locking in both electricity and gas rates as soon as possible.    

Click HERE for your free copy of the Beacon!