Jan 3rd 2018 – NYC
Blizzard, White-out Conditions, Gale-Force Winds, Bomb Cyclone, Winter Storm Warning, Six Feet of Snowfall, Massive Snowstorm, Frigid Temperatures, Flights Cancelled, Ice Storms, Flooding! More Cold on the Way, and It’s Snowing in Florida!
These are some words and phrases I’ve been hearing a lot since this year started!
And yes, it WAS snowing in Florida!
The other aspect of weather events like this that makes them so newsworthy is that all this cold weather results in record natural gas demands! In fact on Jan 1, 2018, the single-day record set in 2014 was surpassed for high demand on natural gas! The much colder-than-normal temperatures across the U.S. as well as exports of natural gas to Mexico and increased demand for liquefied natural gas (LNG), have all led to increased demand.
Jan 4th 2018 – Boston
What happens when demand for natural gas goes up? Generally, prices of natural gas and electricity go up—electricity prices tend to follow natural gas.
According to the U.S. Energy Information Administration, this first week of January, 2018, increases in demand have led to higher prices in both markets.
Additionally, the high demand on natural gas dips into storage inventory. The previous record storage withdrawal was for week ending January 9, 2014. For the week ending January 5, 2018, it’s looking like we’re going to be in that same range.
All of this has an effect on the bottom line of your business’s energy costs. Our CES Energy Consultants work with customers all the time to help them get the best rate in the current market. All the fluctuation in energy prices on a day to day or season to season basis can be avoided by locking in a fixed rate. Call our Energy Consultant today at 1-866-748-2669 and let us help you find the best rate for your needs. We do all the research and work for you. Then you can simply enjoy the amazing pictures that come out of a weather event like this and not worry about your energy costs. HAPPY NEW YEAR!
