Understand Your Energy Options
Current Energy Rates
February 2018 natural gas futures rose to over $3.00/MMBtu before a smaller than anticipated withdrawal from storage caused the contract to fall below $3.00.
Today’s withdrawal from storage of 206 Bcf brings total gas in storage to 3,126, 192 Bcf less than both last year and the 5 year average.
Continued high electricity prices due to the winter weather in the northeast has drastically raised the 30 day average which is now over $40/MWh.
Last week the 12 month electricity futures strip was up over $2/MWh in response to the natural gas market before falling slightly this week to $30.61/MWh.