Q2 Energy Market Update: What Summer Trends Mean For Your Business

Jonathan Lee

Q2 is the perfect time for businesses to seek insight into current supply and demand fundamentals and proactively prepare for the rest of the year. In my recent webinar, I explore the key factors influencing near- and long-term energy prices, and dive into best practices for energy and utility budgeting.

This webinar discusses several pressing issues, including:

  • The impact of one of the warmest winters on record. Climate changes continue to be a major driver of energy prices. This year, a mild winter kept near record levels of natural gas in storage, but the replenishment of storage supplies could be slowed by increased power sector demand.
  • Recent trends in the energy market. I delved into the natural gas storage deficit/surplus, strategies for balancing the increased natural gas demand and stagnant production, as well as checking in on the status of the electric capacity market.
  • Negotiating third-party supply agreements. When developing contracts in electric markets, a thoughtful analysis of future capacity price changes and wholesale electric prices can create greater flexibility and price-saving opportunities.
  • Budgeting tips and tricks for 2018. Having a clear understanding of the factors impacting your energy budget, as well as potential adjustments, can simplify an often difficult and time-consuming process.

While wholesale natural gas and electric prices are expected to remain elevated through March 2018, complex market influences may still drive unexpected shifts. My quarterly webinars are intended to help you stay current on these changes. Ecova’s Energy Price Hub also serves as an invaluable resource for the latest updates on energy prices and market intelligence.

You can view my latest energy market update webinar, Summer Outlook & Tips for 2018 Budgets, below.

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