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Natural Gas Costs Have Doubled

By Net Assets posted 10-22-2021 01:46 PM

  

(from Stonehouse Group) Several factors have combined to create an imbalance between natural gas supply and demand, which has driven natural gas costs to double this year. Organizations that developed energy procurement strategies well in advance of this year likely locked in long-term natural gas and electric supply contracts in 2019/20 and will be protected from current market pricing increases for now. However, organizations that do not have supply contracts through the winter of 2021-22 will be exposed to the highest pricing seen since February 2014 during the polar vortex. The good news is that natural gas production has increased and fall temperatures have thus far been mild. 

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