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Rising temperatures ahead
Trying to stay cool in rising temperatures causes electric bills to increase. Higher usage from running those AC units and fans is inevitable. On top of the norm, this year’s spikes in rates are further upping costs.
Through your utility, you can review options to use less energy and get tips on how to lower your bill through the summer heat. Check out your utility’s website or give them a call to discuss ways to manage your bill.
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://www.eversource.com/content/ct-c/residential/account-billing/manage-bill/about-your-bill/energy-bill-assistance
DOE EIA Weekly Gas Storage Report
Working gas in storage was 1,397 Bcf as of Friday, April 8, 2022, according to EIA estimates.
This represents a net increase of 15 Bcf from the previous week. Stocks were 439 Bcf less than last year at this time and 303 Bcf below the five-year average of 1,700 Bcf. At 1,397 Bcf, total working gas is within the five-year historical range.
Michigan’s stride to clean energy?
Michigan has over 10 utilities and each must submit to the MPSC their plan to reduce emissions.
Governor Whitmer will be issuing an executive order on Climate Solutions within the next months.
Consumers Energy is proposing to phase out all its coal plants by 2025, which is good. However, it further proposes to acquire and build new gas plants; less good.
DTE Energy will be filing their plan later in 2022.
Crafting energy policy is very delicate as it requires ramping up investment in alternatives while continuing to meet present energy needs.
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: What’s next for Michigan’s stride to clean energy? – Energy News Network
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,016 Bcf as of Friday, January 7, 2022, according to EIA estimates.
This represents a net decrease of 179 Bcf from the previous week. Stocks were 199 Bcf less than last year at this time and 72 Bcf above the five-year average of 2,944 Bcf. At 3,016 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,505 Bcf as of Friday, December 3, 2021, according to EIA estimates.
This represents a net decrease of 59 Bcf from the previous week. Stocks were 356 Bcf less than last year at this time and 90 Bcf below the five-year average of 3,595 Bcf. At 3,505 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,564 Bcf as of Friday, November 26, 2021, according to EIA estimates.
This represents a net decrease of 59 Bcf from the previous week. Stocks were 375 Bcf less than last year at this time and 86 Bcf below the five-year average of 3,650 Bcf. At 3,564 Bcf, total working gas is within the five-year historical range.
Ameren Illinois, Nicor Gas customers should expect higher heating bills this winter
U.S. homeowners will see heating prices increase by as much as 54% according to the EIA. Ameren and Nicor are already warning Illinois customers to expect 30% higher bills. High demand, low supply, weather impacts, and natural gas inflation are forecast to cause commodity pricing to be the most expensive it’s been since 2008.
The utilities expect their cost to be 75% higher per therm this winter. If we have a milder winter, pricing impact should be lower. However, there are various ways to assist customers such as purchasing gas when it’s cheaper in the summer, energy savings tips, and payment and budget plans.
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://www.centralillinoisproud.com/news/local-news/ameren-illinois-nicor-gas-customers-should-expect-higher-heating-bills-this-winter/
Sharp surge in energy prices threatens economic recovery and is already slowing growth
We’ve seen countless material costs increase throughout the pandemic including skyrocketing fossil fuel rates. Consumers are wondering how long prices will continue to rise especially in the northern US with winter fast approaching.
The lack of resources coupled with higher costs are affecting global supply chains. Oil and coal are making up for the lack of natural gas and wind power supplies but are also showing rising prices compared to last year.
The probability of a recession increases when energy prices are steadily moving towards a higher percentage of GDP. Global effects on supply chains also impact numbers and priorities for spending. How Americans choose to spend their money is forecasted to be different than past years. Where they cut back on costs will affect not just the industry but overall economic growth. Economists believe we don’t need to worry about a recession at this point but are concerned with how badly it can cause growth to be affected negatively.
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://www.cnbc.com/2021/10/12/sharp-surge-in-energy-prices-threatens-economic-recovery-and-is-already-slowing-growth.html