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Market Snapshot: Monday, April 10, 2023

NATURAL GAS CONTINUES TO BE PRICED BELOW FUTURE YEARS What Is Henry Hub?Henry Hub is a natural gas pipeline located in Erath, Louisiana that serves as the official delivery location for futures contracts on the New York Mercantile Exchange (NYMEX).ย  NATURAL GAS STORAGE REPORT The Freeport facility has final approval to process liquid natural gas…

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Market Snapshot: Monday, April 3, 2023

FirstEnergy, Ohio Edison, and Illuminating Company Customers will see their Electric Rates Double First Energy announced the results of their last auction for the utility rate and announced that the final utility rate for June 2023 through May 2024 would be 10.2 cents per kWh, almost twice what it had been the previous year. NATURAL…

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Market Snapshot – March 27, 2023

NATURAL GAS IS STILL LOW, BUT WARNING SIGNS ARE ON THE HORIZON SUPPLY IS UP, BUT SO IS DEMAND. FirstEnergy Auction Results Almost Double FirstEnergy announced the results of its final three auctions last week. The final auction had five winning bidders and settled at $83.75. Along with the October 2022 auction at 122.20 and…

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