Electric: From January 8 to April 23, the market has traded in a fairly consistent price range. Front-month natural gas prices have fallen approximately 11% while the 12-month strip has experienced an approximate 6% decrease. In turn, front year 2015 wholesale power prices have fallen roughly 1%. Future wholesale pricing has also experienced small declines as both 2016 and 2017 pricing have fallen 1% while 2018 and 2019 pricing has experienced slightly less than a 1% drop. To reiterate a past point, once the initial fear of a sustained frigid winter was gone, focus was shifted to the strong fundamentals currently in the marketplace which in turn provided much more stability with regards to price volatility. As the summer months approach, prices in the electric market will start to creep upward as demand is typically higher during this timeframe.
If you would like Chamber Energy Solutions to review your electric bill, please contact the Chamber or your CES consultant.
If you would like Chamber Energy Solutions to review your electric bill, please contact the Chamber or your CES consultant.
