Energy markets across the board have dipped to multi-year lows over the past weeks. In fact, natural gas rates are at their lowest point since 2012 and prior to that, 2002. The main reasons for the historic levels:
- Low Demand – Winter blasts are hitting the Northeastern US but winter was non-existent in November and December.
- Supply – Natural gas production is strong from shale wells.
- Supply – Natural Gas storage is strong at levels higher than both last year and the 5 year average.
Take advantage of the opportunity to save money by locking in a future contract today! With liquefied natural gas (LNG) exports around the corner and the EPA’s plan to retire coal plants, demand for natural gas is set to increase, so how long will these low rates last?
Since you began working with Rapid Power Management, our strategy has been to let the market dictate action – not an arbitrary date in the future. This strategy has been successful for our clients and we work toward lowering your energy costs with every action we take.
We are passionate about educating our clients to make smarter energy decisions. Contact your energy manager today to discuss recent market developments and to secure updated pricing!