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Natural Gas Prices
The following charts demonstrate how the
natural gas futures contracts have traded on
the New York Mercantile Exchange (NYMEX).
Natural gas and other commodity futures
prices can be found at
www.nymex.com,
www.cme.com,
www.futuresource.com
and
www.ino.com.
Market Close 6/2/2009
3-Month Strip
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This short-term strip (June-August) is
trading at $4.243/MMBtu. This is down
slightly from our previous quarterly report
and represents a new 6-year low! Further
downside movement may be limited. It appears
we could trade in a trading range of $3.50 -
$4.50 before the downward trend eventually
reverses.
12-Month
Strip
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The one-year strip for wholesale gas is
trading at $5.397/MMBtu. This is up from our
last quarterly report and the spread between
short term and longer term pricing is
growing. The strong move in May was led by a
reemergence of speculators into the market.
Trading volumes and volatility spiked at
this time. This remains an excellent
opportunity to lock in longer-term
agreements for some or all of your natural
gas needs.
36-Month Strip
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The 3-year strip is trading at $6.527/MMBtu.
This is $2.28 premium over the 3-month rate,
and is a strong sign that traders expect
prices to rise in the future. Despite the
premium, the 3-year strip is trading near
its all-time low. Once again, this presents
an excellent opportunity to lock in rates
for an extended period of time.
Electric Customer
Switching Statistics
The charts below demonstrate what percentage
of electrical load (in MegaWatts) has been
switched away from the regulated local
utilities to the competing marketers. For
more information, visit the website listed
for each state.
Maine -- 2/09
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Maine has one of the highest
switching rates in the country. Competitive
suppliers supply over 63% of the commercial
and industrial load. Savings in the
neighborhood of 3% are available for
shopping customers in Maine.
www.maine.gov/mpuc
(Maine Public Utilities Commission)
Texas -- 1/09
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Texas continues to be the most vibrant
competitive electricity market in the
country. Customers should choose a Retail
Energy Provider (REP) rather than pay higher
default, or Provider of Last Resort, market
rates.
www.worldenergy.com
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