In light of last winter's record cold and additional analysis performed by EMEX, EMEX is urging natural gas consumers to seriously consider locking in rates for the next 12 months and beyond. EMEX's analysis suggests that current market conditions through the next 6 weeks will provide prudent opportunities to guard against potential gas price increases that historical trends suggest could occur this coming winter.
"Although natural gas storage has refilled at a record pace, we still view the energy market as being more likely to move up than down, especially through this winter," explained
Looking back over the past 6 years, EMEX analyzed average number of heating degree days for the withdrawal season (November-March) and average BCF withdrawal/heating degree day during the peak winter months (December-February). Based on this analysis, EMEX then identified an above-normal winter, an average winter, and a slightly below-normal winter to estimate the potential total withdrawal that could be seen this coming winter. Presuming that at the start of the withdrawal season there are 3,400 BCF of natural gas in storage as predicted by the
EMEX specializes in consulting with commercial, industrial, and governmental clients to help them manage their energy cost risk for both electricity and natural gas markets which are open to competition, through its Flagship platform, The EMEX® Reverse Auction.
Read the full story at http://www.prweb.com/releases/2014/08/prweb12130703.htm
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