Natural gas and electricity price fluctuations in New England are causing concerns as the winter season quickly approaches. The current natural gas storage levels combined with increased demand on New England’s natural gas supply feeding liquefied natural gas (LNG) exports to Europe and Asia may cause pressure on the supply chain. The potential for a strained supply chain coupled with unpredictable winter weather
may lead to a significant impact on local natural gas prices. New England utilities are beginning to review and update their winter natural gas and electricity rates, including National Grid which shared the following
proposed electricity rates.*
*Note National Grid proposed rates are not approved until they go through the state regulatory process. Rates proposed by utilities are subject to change prior to state approval and may go up or down before their effective date.
We encourage every customer to reach out to their dedicated Sprague Energy representative for further discussion, pricing updates, and options to lock in prices for your business now – before winter weather hits. While we cannot control the weather, the market, or other outside factors, we can work to help control energy costs with locked-in rates. Running a business is hard, especially in these times, and Sprague wants to work with you to help reduce the stress that comes with energy purchasing decisions. Learn more about Sprague at:
https://www.spragueenergy.com/natural-gas