Natural gas prices have changed 25% in 4 weeks!
Does the words “Polar Vortex” strike fear into you?
If so, this CNBC article, Wild ride for natural gas signals volatile winter ahead, describes record production of natural gas and the forecast of colder weather similar to last winter.
So, the winter forecast is cold and there is abundant natural gas…..the question is at what price.
To avoid the uncertainty of winter gas prices Realgy offers:
Storage service’ “Winter gas at Summer prices” and PriceWatchTM (fixed price)
Please contact our Customer Service department for additional information at 877-300-6747 x1000
Read the whole CNBC article “Wild ride for natural gas signals volatile winter ahead”
Realgy Supports a Review of the January 2014 Energy Price Spikes
REALGY couldn’t agree more with the need to investigate this winter market reaction. As highlighted in the various articles posted on the Realgy blog, the cost borne by utilities, marketers and our customer’s sky rocketed.
This winter weather required every energy marketer and utility to purchase the energy being used by our customer’s (above their planned usage) at the going market price; there is no planning or negotiations during such periods.
Therefore, any manipulation by traders or owners/operators of power plants or pipelines that took advantage of this weather to inflate the market price needs to be investigated.
Realgy will look to send a letter in support of FERC investigating the market response and all/any irregularities. For instances, Feb 2014 pricing is above Jan 2014 pricing!
Realgy is continuing to work hard, as the weather vortex is back (as of Feb 26th 2014) to reduce the impact of this winter weather on our customers.
Check out the full Citizens Utility Board article “As Electric/Gas Bills Skyrocket, CUB and Consumer Advocates In 10 States Request FERC Review Of January Price Spikes”