Best Month To Lock In Natural Gas Rates

By joe quenet on 04 08 13 as shown in the chart below there s historical proof that long term fixed price electricity contract rates tend to go down during the fall and spring season each year as natural gas prices move toward their seasonal lows. But how do you know when is the right time to lock in your natural gas rate. When is the best time of year to lock in your long term electricity contract.

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The graph above reflects a spread of new york mercantile exchange nymex clearing prices for natural gas from 2015 2019.

Best month to lock in natural gas rates.

Past 12 months average price per therm. This depends on a variety of factors including time of year and your business tolerance to risk. Money expert clark howard s advice for january 2020 is to lock in with a low cost provider of georgia natural gas rates for the remaining winter months if you haven t already done so high reserves of natural gas coupled with both weakened prices and less demand overseas mean we re seeing great prices right now. Natural gas prices rise through spring into summer.

When thinking about the best time to lock in a fixed price for natural gas or electricity supply you need to understand what a shoulder month is. How to read this graph. During the spring march april and fall september october we traditionally see the lowest usage of gas and electric for the average user. If natural gas and electricity prices are the lowest they have been in months it s probably a good idea to lock in a fixed rate plan.

Conclusion consumers that live in deregulated markets have a huge advantage because they can shop around and find the best rates.

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