A Chance to Prepare Your Business for the Future -- The Beacon - March 23, 2020

Last week reversed much of the market activity from the previous week, as liquidity fears eased and were replaced by coronavirus-related demand destruction. Prices are down sharply through the remainder of 2020, and then up only slightly through the end of 2025. Storage levels are improving as demand destruction allows more gas to be left in storage, but there may be production concerns on the horizon, as rigs in the field are down sharply.

This week offers a unique opportunity for business leaders — as the economic effects of the coronavirus pandemic start to unfold, businesses will need to watch every penny. Low wholesale prices for power and natural gas offer an opportunity to squeeze that portion of your budget and push more money to things that will add value to your business — like staffing, advertising, and maybe even some profit!

We can help you make your business more financially secure and profitable — without the need for any investment or even an in-person meeting if you are practicing social distancing. Give Lighthouse a call at 937-709-0098 x701 for a free review of your power bills and assistance in lowering your costs.