The Henry Hub Natural Gas Spot Price is a critical benchmark for the pricing of natural gas in the United States. Its fluctuations have a direct impact on electricity pricing because natural gas is a primary fuel source for electricity generation in the U.S. Here’s a detailed explanation: What Is the Henry Hub Natural Gas…
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This chart compares the benefits of signing a Letter of Exclusivity (LOE) versus a Letter of Authorization (LOA) in the context of commercial electricity supply. Key Differences: LOE (Letter of Exclusivity): Purpose: A customer commits exclusively to one supplier or broker for a period of time. This agreement encourages suppliers to offer the best possible…
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Navigating Energy Contracts: Optimal Timing for Electricity and Natural Gas in Spring and Summer 2024 In the intricate realm of energy procurement, timing plays a pivotal role, especially when aiming for cost-effective contracts. This article delves into the optimal periods for contracting electricity and natural gas with a Spring and Summer 2024 start date. Traditionally,…
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Save money by booking longer term deals. In the United States, natural gas currently makes up roughly 50% of the fuel that power plants use in generating electricity! The last decade gave the country an abundant supply due to discovery of new resources, and despite a 30% increase in global demand, supply still outpaced it…
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