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SMIPP

Energy Price Trends 12-11-2012

Energy Intelligence Update

  • Natural Gas prices have continued their long climb through the summer and fall, but it has been neither continuous nor dramatic.  In fact, we’ve had a recent drop that has created some good buying opportunities. All signs still point to a continued increase in the generally upward price trend over the next year. The Department of Enery’s most recent Short-Term Energy Outlook projects that the Henry Hub natural gas spot price will average $3.68 per mmBtu in 2013, up from $2.78 mmBtu in 2012. (It was $4.00 per mmBtu in 2011.)
  • The Short term Energy Outlook also projects that average electricity prices will increase by 1.5% and heating oil prices will keep constant.  Keep in mind, however, that when it comes to electricity prices, national averages are relatively meaningless.
  • Despite national price trends, we’ve seen a jump in gas and electricity prices in the Northeast.  This has been attributed to…

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About SMIPP Ltd.

SMIPP Ltd is a DG Independent Power Plant Private Joint Stock Company. 25-60 MW Gas Turbines Power Generators

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