A Great Start to 2021!

The Headline:   Natural Gas prices are low, especially on longer-term contracts.   BUT… they may not stay that way because there are very few drilling rigs in the field.      

The Bottom Line:    Natural Gas prices went down over the holidays, pulling wholesale electricity prices down as well.   Prices are low, with the 60-month term trading at only 9% above the 10-year low price. Low drilling rig counts fell again, raising concerns that prices will rise when demand goes up and there aren’t enough rigs to keep up.  Lighthouse recommends locking in your electricity and natural gas rates to lock in savings before that happens.       

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