Call and Lock In Your Lower Rate Today! 

(855) 398-7200

Increasing Demand Keeps Upward Pressure on Energy Prices

March
13
2013










Week in Review for March 1-7, 2013
For the second week in a row, energy prices inched upward. The average 12-month price for natural gas on the New York Mercantile Exchange (NYMEX) rose 1.8% and the 12-month average price for peak power on the PJM rose by 1.2 %.

The variable receiving most of the blame for the recent price increases was storage. For the second consecutive week, the U.S. Energy Information Administration (EIA) reported a larger-than-expected gas withdrawal from storage. This seemed to spook the market. These larger-than-expected withdrawals have added fuel to the theory that energy demand was growing and natural gas production was leveling off.

A recent EIA report showed that natural gas demand was up 8.9% from last year at this time, while another report showed that production was flat during the same 12 months. On the demand side, this winter was a little colder than last year and thus accounted for some of the demand increases. However, analysts noted that other demand components are now entering the equation. More power plants, chemical plants and various industrial users are looking to switch to low priced, clean natural gas.

Although this potential tightening of supply and demand has applied some upward pressure to energy prices over the last two weeks, we are hopeful that the shale gas phenomenon will keep the bulls in check for the next few years.



Tagsdc, delaware, district of columbia, green electricity, maryland, montgomery county, pepco, rates, small business

Previous Posts
100% Renewable For Your Home! Self Enrollment Portal   Electric Advisors has teamed up with WGL Energy to MORE
Fall Electricity Savings for Pepco Maryland’s Small Business Rate Payers!             MORE
Natural gas markets continue to trade near their 12 month lows. We see this impacting MORE
Original story published here SOLSYSTEMS Any day now, the Department of Energy should be releasing the MORE
Categories
Archives

Start Saving

It doesn't matter whether you have a small office condo with an electric and gas bill, or you manage multiple apartment complexes across the United States. It has never been easier to get pricing. Within a few minutes of recieving your one complete utility bill, we will be back to you with options for your consideration. 

Find Your Utility Bills & Get Started

RewriteEngine On # This line may already exist # Rewrite all requests to the 'www' version RewriteCond %{HTTP_HOST} ^mydomain.com$ [NC] RewriteRule ^.*$ http://www.mydomain.com%{REQUEST_URI} [R=301,L]