Gas Supply Update - September 2021
The price of natural gas is rising.
Since March of this year, there have been warnings of an upcoming natural gas price hike that could impact energy prices for years.
That moment is finally here.
If you have not already hedged gas or electricity contracts expiring in the next several months, NOW is the time for action. We do not say this lightly. If you do not procure your power needs NOW, September 2021, you will be looking at a 20-40% increase in energy costs for your business for years to come.
There have been warning signs and data to back this up. Our own President and National Security Advisor have openly discussed their concerns. While this was in the context of gas prices at the pump, it should give pause to how this will impact your business.
Not convinced? Look at what Goldman Sachs is saying about potential natural gas pricing in the $10 range!
Based on the shape of prices in the forward markets, anyone who hasn’t already hedged their natural gas/electricity or has contracts expiring in the next 6 months, should heed the following recommendations for hedging your gas and or electric needs.
What can you do?
Email us one month's recent energy bills. We'll review and email you back the best rates and options. You decide what you want to do. No cost or obligation.
Bicek Telecom put in place two new contracts with AT&T for an apartment complex in Chicago thereby saving them hundreds of dollars per line off their non-contracted rack rate pricing.