RD Energy Newsletter: April 2017 for Pataskala, Ohio

April 2017 Newsletter 

How Hot Will This Summer and Energy Prices Be? 

 

KEY DRIVERS 

  1. EarthStat reports that since 1950 nine out of the ten warmest winters have been followed by hotter-than-normal summers 
  1. NOAA predicts another El Nino will form this spring and summer.
  1. If the El Nino forms slowly as NOAA predicts, they expect a hotter than normal summer
  1. If the El Nino forms quickly as some models predict, the summer could be cooler
  1. NYMEX natural gas closed a month go $.55/MMBTU lower than the current $3.175/MMBTU

 

COMMENTARY 

After an extremely warm February in the Midwest, expectations were for March to be extremely warm as well.  However, March was seasonably cold for most of the month.  Many in the industry were forecasting for energy prices to finally collapse in March before rising in April.  They missed it again.  One thing my 3 decades in the energy business has taught me is that when too many people expect a certain thing or event to happen normally the opposite occurs.  Many times speculator and hedge fund market traders use this common knowledge to push the market to extremes or the opposite direction of expectations or what one would generally believe to be true.  March surprised many with its cold weather in the Midwest and northeast.  Natural gas production will continue to have a hard time meeting usage need; consumer use, electric generation and exports.  Now storage injections also enter into the mix for April.  If production cannot keep up with all the demand, expect prices to rise until new production comes to the market.  Drilling is expected to increase supplies in 2017, but until demand is met and exceeded don’t expect a big price collapse.  Which means, it’s best to buy on price dips when they occur. Electric prices are rising too so we may be seeing better prices for both natural gas and electric now than what may be available in a month or so.

SHOP, COMPARE AND SELECT 

How much do you pay for electric and natural gas at home?  Please use our new online shopping platform www.rdenergypricechoice.com to see how your supply price or utility price compares to the rates found on our shopping site.  Find your supply price on your bill and then enter your zip code on www.rdenergypricechoice.com to see how your price stacks up.  When your contract at home is up for renewal or you can get out of your contract with no early termination fee, then sign up and save.  Pass our shopping website to friends, family and co-workers so they can save too!

Read March 2017 Newsletter

RD Energy is Certified by the PUCO as a natural gas and power broker. We believe in creating a strategic energy purchasing strategy.  Timely buying, Demand Response and Peak Load Management are key tools available to buyers.  Given the opportunity RD Energy most often proves that more can be done to cut energy costs both for the short and long-term.  

 

RD Energy does not make and expressly disclaims, any express or implied guaranty, representation or warranty regarding any opinions or statements set forth herein. RD Energy shall not be responsible for any reliance upon any information, opinions, or statements contained herein or for any omission or error of fact.

Posted in Business Energy Buyers, Commercial Energy, Energy Shopping, Natural Gas Prices, Ohio Energy Savings, Uncategorized

rdenergypricechoice.com

SHOP, COMPARE, SELECT

Small commercial and residential
Electric and Natural Gas
Click here

Our Core Business

1RD Energy Deregulated Electric2RD Energy Cost Natural Gas Savings for Ohio3RD Energy Demand Response4RD Energy Government Aggregation

Contact Form

Fields marked with an * are required