Realgy will be transferring all its Michigan customers to Michigan Natural Gas
PRESS RELEASE
Realgy will be transferring all its Michigan customers to Michigan Natural Gas
27 OCTOBER 2022 | BY: REALGY, LLC
After 18 years, Realgy is transitioning all Consumers, DTE, MGU, and Semco customers to Michigan Natural Gas (MNG). The transition means your agreement will not change. MNG will serve your account exactly as Realgy has. The only change you should notice is Realgy will be replaced by MNG on your utility bill. MNG will be in contact with you to assure you of continued service. Please see an example of their letter to you here.
Realgy will continue to serve customers in Illinois, Indiana, and Ohio without interruption or change.
Why is Realgy leaving Consumers, DTE, MGU, and Semco as a natural gas supplier? Realgy decided not to renew our supplier agreement due to a disagreement with the MPSC, Michigan’s regulatory agency. The MPSC failed to make Michigan open to competitive energy suppliers. Thereby, we have chosen to affect a transition.
We are proud of our service in Michigan and will continue to respond to any inquiries you may have regarding your account(s) we served. MNG is very similar to Realgy and will strive to provide complete service for your account and maintain the benefits you have come to expect from Realgy.
Your last bill with Realgy will occur in November. Starting in December 2022, MNG will be your gas supplier. Again, your service agreement you had with Realgy will remain the same under MNG. For your convenience, here is the contact information to reach us:
Realgy Energy Services | 877-300-6747
Online Chat | https://realgyenergyservices.com/contact-us/
Michigan Natural Gas | 888-988-MICH (6424)
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,394 Bcf as of Friday, October 21, 2022, according to EIA estimates.
This represents a net increase of 52 Bcf from the previous week. Stocks were 142 Bcf less than last year at this time and 197 Bcf below the five-year average of 3,591 Bcf. At 3,394 Bcf, total working gas is within the five-year historical range.
Natural gas prices are rising. That’s worse news for ratepayers than utilities.
Higher energy prices: who pays them?
A utility pays for them BUT passes the costs through to customers. Utilities do not own the natural gas or they own very little electric generation. They buy on the wholesale market and pay market-based rates. Usually, their payment terms are to buy the gas and electricity but pay for it 60 days after its used. In that way, they use it in the current month, let’s say January, invoice for it in February, and pay the wholesale company back in March. Then do it all again. So, the price they pass through to customers is normally delayed 60 days.
Energy marketers or third-party suppliers buy in the wholesale market and typically repay the wholesale company after 30 days. This means they invoice the current cost immediately. So, there is no delay like with the utilities.
HOWEVER, in both cases the customers end up paying for the wholesale supply. The only question is, do you pay it immediately or after 60 days?
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional Information: https://energynews.us/2022/10/12/natural-gas-prices-are-rising-thats-worse-news-for-ratepayers-than-utilities/
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,342 Bcf as of Friday, October 14, 2022, according to EIA estimates.
This represents a net increase of 111 Bcf from the previous week. Stocks were 106 Bcf less than last year at this time and 183 Bcf below the five-year average of 3,525 Bcf. At 3,342 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,231 Bcf as of Friday, October 7, 2022, according to EIA estimates.
This represents a net increase of 125 Bcf from the previous week. Stocks were 126 Bcf less than last year at this time and 221 Bcf below the five-year average of 3,452 Bcf. At 3,231 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,106 Bcf as of Friday, September 30, 2022, according to EIA estimates.
This represents a net increase of 129 Bcf from the previous week. Stocks were 165 Bcf less than last year at this time and 264 Bcf below the five-year average of 3,370 Bcf. At 3,106 Bcf, total working gas is within the five-year historical range.