Market Snapshot: Monday, April 3, 2023

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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…

Market Snapshot – March 20, 2023

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NATURAL GAS PRICING IS STILL LOW, BUT WARNING SIGNS ARE ON THE HORIZON Natural Gas: SUPPLY IS UP, BUT SO IS DEMAND.  NATURAL GAS INDUSTRIAL DEMAND NATURAL GAS POWER BURN DEMAND EIA: NATURAL GAS STORAGE REPORT WEATHER: COOLER TEMPS INTO EARLY APRIL EXCEPT IN THE SOUTHEAST This Week’s National Weather Outlook:  Most of the U.S. will…

EIA: Residential Retail Electric Choice Participation Rate has Leveled Off

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In 2021, 26% of eligible U.S. customers participated in their state’s retail choice program, or 13.2 million U.S. residential electric customers, based on EIA’s Annual Electric Power Industry Report data. The participation rate in U.S. residential retail choice programs remained relatively unchanged from 2019 to 2021, following several years of modest growth.  In states with…