Category News

Natural Gas Prices Rally to Highest Levels in Seven Years

Natural gas prices have rallied to their highest levels since 2014. Last week, the October contract surpassed $5 per MMBtu, settling as high as $5.46 per MMBtu this week. The market fundamentals are facing bullish pressure domestically and globally, from… Continue Reading →

Exports and Weather Continue to Drive Natural Gas Prices

Natural gas prices are starting to see some relief, after settling below $4.00 per MMBtu for the first time in two weeks. The September contract continues to hover near the $3.90 per MMBtu level, after settling as high as $4.158,… Continue Reading →

Volatility Returns to the Natural Gas Market

Earlier this month, Enbridge Inc.’s Texas Eastern Transmission unit (TETCO) announced that its natural gas pipeline from Pennsylvania to Mississippi could be operating at reduced pressure until late third quarter, reducing flow to nearly 1 bcf per day, down from… Continue Reading →

Natural Gas Meets Resistance at $3.00/MMBtu

Natural gas prices have been hovering near the $3 level these past two weeks, which continues to show some resistance. The May natural gas contract rolled off the board at $2.925 per MMBtu, 13% higher than the April natural gas… Continue Reading →

BURTON ENERGY GROUP EARNS 2021 ENERGY STAR® SUSTAINED-EXCELLENCE AWARD FOR SEVENTH YEAR IN A ROW

Burton Energy Group is proud to announce that it has received the 2021 ENERGY STAR Partner of the Year—Sustained Excellence Award from the U.S. Environmental Protection Agency and the U.S. Department of Energy for seven years in a row. The… Continue Reading →

Unprecedented Weather and Price Volatility Brings About Near-Term Bullish Pressure

After polar vortex conditions overwhelmed Texas and the central U.S. during mid-February, electric and natural gas prices are returning to previous levels. While the daily market experienced the bulk of the volatility, forward electric and gas prices did feel the… Continue Reading →

Price Volatility Returns in the Wake of Executive Orders and Winter Temperatures

The past few weeks have brought about quite a bit of uncertainty in the energy markets. President Biden has signed a number of Executive Orders, some of which were aimed at the energy industry, and colder than normal temperatures are… Continue Reading →

What is My “Capacity Tag” and How Does It Impact My Electric Supply Rate?

An electric supply rate is made up of multiple components. The cost of energy makes up the largest component, but the cost of capacity can be the second greatest cost component. In many deregulated markets, a capacity market exists, to… Continue Reading →

2021 Looks to Rebound after 2020 Natural Gas Prices Average at Decade Lows

It has been more than a decade since natural gas prices averaged as low as they did in 2020. Looking back, spot prices at Henry Hub averaged $2.05 per MMBtu and NYMEX, which trades natural gas futures, averaged $2.077 per… Continue Reading →

Natural Gas Market Finds Bullish Momentum

To say that this year has been a year like no other seems like an understatement. It almost comes as no surprise, that even the weather has been setting new records. Hurricane Delta became the fifth hurricane to make landfall… Continue Reading →

Natural Gas Market is Poised for a Wild Ride this Fall

Since the attacks on the United States nineteen years ago, energy independence became a greater priority. Over the past years, we have become energy independent and the world’s leading producer of petroleum and natural gas. The upcoming election could determine… Continue Reading →

August Sees Natural Gas Prices Rally

Natural gas prices have soared to their highest levels since December 2019, driven by slowing production, extreme heat in certain areas, and strong demand. The August natural gas contract settled at $1.854 per MMBtu and the September contract moved into… Continue Reading →

Utilities Continue to Offer Financial Assistance Amid Pandemic

Since the beginning of the Covid-19 Pandemic, utilities across the country have been providing a significant amount of financial assistance to customers, both residential and commercial. This help has been given in a few key ways: Suspending service disconnections Waiving… Continue Reading →

Summer Heat Drives Demand, but Natural Gas Prices Remain Low

The month of July has ushered in record heat across the U.S. and is on track to be one of the hottest months, since 1950, when EIA began keeping records. ERCOT (Texas) set a new peak demand record for July,… Continue Reading →

Demand is Lagging, but Summer Weather Could Drive Natural Gas Pricing

After experiencing some price volatility in early May, natural gas prices have experienced an overall decline and returned to more of a sideways trading pattern, as the market attempts to digest the continuing changes in supply and demand. The June… Continue Reading →

California Direct Access

Direct Access (DA) is a retail service where customers behind PG&E, SDG&E, and SoCal Edison can purchase electricity from a competitive third-party provider, called an Electric Service Provider (ESP), rather than from a regulated electric utility. Is Direct Access a… Continue Reading →

A Bullish Run in Natural Gas Prices Subsides on Weak Demand

Natural gas prices have been on a wild ride these past couple of weeks. After a steady increase, based upon news of a dramatic decrease in oil production and therefore, a decline in associated gas production, the prompt month surpassed… Continue Reading →

Financial and Economic Uncertainty Weigh on Energy Markets

Economic uncertainty has been weighing on all markets, as the effects of COVID-19 have been shuttering businesses and overturning industries, resulting in employee furloughs and lay-offs. The energy commodity markets have been focused upon the oil market and its ability… Continue Reading →

Energy Markets Feel Impact of Volatile Financial Markets

While the financial markets have been whipsawing this week amid the news of the spread of Coronavirus, bearish pressure on the commodity markets has intensified. As oil prices have tumbled into bearish territory, there is concern across the market of… Continue Reading →

Natural Gas Prices Decline with Continued Warmer Temperatures

This year, Punxsutawney Phil took his place on Gobbler’s Knob and did not see his shadow. According to legend, this indicates an early spring in on the way. Meteorologists don’t always agree with Punxsutawney Phil, but this time, AccuWeather meteorologists… Continue Reading →

Natural Gas Bears Ring in the New Year with Low Prices

A new year, a new decade, and it’s the natural gas bears that are celebrating. The January 2020 contract settled at $2.158 per Dth, its lowest level since January 1999, following the lowest summer gas prices in 20 years. Typically,… Continue Reading →

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