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Energy Market Overview - April 2014

By Margaret Harrison

With the return of more temperate weather we have seen a reduction in electricity prices, although gas prices remain elevated.

However, the extreme winter has caused natural gas and electricity pricing to remain higher than previous years. Due to the volume of natural gas removed from storage we will continue to see higher prices for the remainder of 2014 as utilities fill their depleted storage (at DAWN) in preparation for next winter.

Since the electricity price is directly tied to natural gas prices we are forecasting higher prices for this commodity for the remainder of the year.

There is good news however, as the April electricity price has reduced significantly from the January to March average and is approx. $.036/kWh. As well, due to the high winter commodity costs, the Global Adjustment for April is a credit of $.0097/kWh.

If you would like to review your current status and discuss a strategy moving forward please contact Margaret Harrison at (905) 635-3265 or mharrison@ecng.com.



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