We have highlighted earlier that the cost of natural gas on the open market influences the price of electricity in the states where that fuel is largely used to generate the power. That is certainly true here in Texas. It behooves us all to be aware of current and future prices of natural gas when deciding to switch electricity retail providers and for what term of contract to lock into. Informed decisions are usually better.
Following is extract of Market Summary published in the Houston Chronicle Friday, December 24, 2010:
Energy Price, Natural Gas-Henry Hub, U.S. Dollars per MMBtu
Last Price-4.08
Pvs Day-3.99
Constant Maturity Index (Composite percentage change of all futures traded, providing an insight into what direction prices are heading)
Per Cent Change-Day -0.7
Per Cent Change-Month -4.3
Per Cent Change-Year To Date -36.7
Commodity Price Outlook (The median price of analysts surveyed by Bloomberg)
2011 Forecast 5.00
2012 Forecast 5.41
2013 Forecast 5.75
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