The price of natural gas and electricity is rising. ACT NOW!
Since April of last year -- you’ve heard Bid On Energy, and others warning of an upcoming natural gas and electricity price hike that could impact energy prices for years. That moment is finally here.
If you have not already hedged gas or electricity contracts expiring in the next several months, NOW is the time for action. We do not say this lightly. If you do not procure your power needs NOW for 2022, you will be looking at a 20-40% increase in energy costs for your business and or portfolio for years to come.
There have been warning signs and data to back this up. Our own President and National Security Advisor have openly discussed their concerns. While this was in the context of gas prices at the pump it should give pause to how this will impact your business.
Not convinced of Bid On Energy's advice and data?
Look at what Goldman Sachs is saying about potential natural gas and that Natural gas prices are rising and could be the most expensive in 13 years this winter!
Based on the shape of prices in the forward markets, anyone who hasn’t already hedged their natural gas / electricity or has contracts expiring in the next 18 months including commercial electricity, should heed the following recommendations for hedging your gas and or power needs.
What can you do?
- Anyone who has not already hedged their natural gas or electricity, or their contracts expire within 18-months, look to execute hedges starting in 2023 thru 2025. The Risk of inflation is high and hedging energy for natural gas near $3.00 per MMBtu is in your customer’s best interest.
- If you have no contracts expiring in the coming months, wait for a “pullback” from the current pricing to execute hedges through the end of 2022. When the market increases exponentially as it is currently, there will be an equally sharp pullback in the future. Weather is often the primary trigger for this. If there is a cold winter the decline may not come until spring 2022.
- If you have hedges expiring within the next few months, set up a 15-minute strategy call. We will help you determine whether to wait or lock-in rates long-term immediately.
Electricity News
Compare Electricity Rates - Looking for the best way to lower on your utility bills? Compare rates f
Electricity Rates - Bid ON Energy - BidOnEnergy.org ... See MoreSee Less
Part of Circle Street will close to eastbound traffic for utility installation - Crossroads Today
www.crossroadstoday.com
VICTORIA, Texas – Beginning on Thursday, Oct. 6, Circle Street will close to eastbound traffic between Navarro Street and the cul-de-sac. The closure will take place so that utilities can be install...Comment on Facebook
Ford Hikes Price of Electric F-150 Pickup Again on Rising Supply Costs - Bloomberg
Ford Hikes Price of Electric F-150 Pickup Again on Rising Supply Costs Bloomberg
Electricity Rates - Bid ON Energy - BidOnEnergy.org/
www.bloomberg.com/news/articles/2022-10-05/ford-hikes-price-of-electric-f-150-again-on-rising-sup... ... See MoreSee Less
Ford Hikes Price of Electric F-150 Pickup Again on Rising Supply Costs
www.bloomberg.com
Bloomberg Technology The only daily news program focused exclusively on technology, innovation and the future of business from San Francisco.Comment on Facebook
UK: The Cost-of-Living Crisis—What Can Employers Do? - SHRM
UK: The Cost-of-Living Crisis—What Can Employers Do? SHRM
Electricity Rates - Bid ON Energy - BidOnEnergy.org/
www.shrm.org/resourcesandtools/hr-topics/global-hr/pages/uk-cost-of-living-crisis.aspx ... See MoreSee Less
UK: The Cost-of-Living Crisis—What Can Employers Do?
www.shrm.org
With inflation hitting its highest level for 40 years and prices for food, fuel and energy prices soaring, the “cost-of-living crisis” is having an impact on employees across the U.K.Comment on Facebook
Electricity Rates - Bid ON Energy - BidOnEnergy.org ... See MoreSee Less
97% of smart meters fail to provide promised customer benefits. Can $3B in new funding change that?
www.utilitydive.com
Interoperability standards can deliver “non-discriminatory access” to real-time data from new smart meters to fulfill promises of customer savings and other system benefits, energy managers sayComment on Facebook
With Energy Prices Rising, Fire Officials Urge Home Heating Safety - Mass.gov
With Energy Prices Rising, Fire Officials Urge Home Heating Safety Mass.gov
Electricity Rates - Bid ON Energy - BidOnEnergy.org/
www.mass.gov/news/with-energy-prices-rising-fire-officials-urge-home-heating-safety ... See MoreSee Less
With Energy Prices Rising, Fire Officials Urge Home Heating Safety
www.mass.gov
Keep Warm, Keep Safe When Using Fireplaces, Wood Stoves this WinterComment on Facebook
Opinion: State, local leaders should build on federal climate bill - The Mercury News
Opinion: State, local leaders should build on federal climate bill The Mercury News
Electricity Rates - Bid ON Energy - BidOnEnergy.org/
www.mercurynews.com/2022/10/05/opinion-state-local-leaders-should-build-on-federal-climate-bill/ ... See MoreSee Less
Opinion: State, local leaders should build on federal climate bill
www.mercurynews.com
The tide is turning in favor of climate action throughout California cities.Comment on Facebook
Electricity Rates - Bid ON Energy - BidOnEnergy.org ... See MoreSee Less
OPEC Members and Russia Set to Meet as Europe Faces Energy Crisis
www.nytimes.com
Saudi Arabia appears determined to raise prices and continue coordinating with Russia during the Ukraine war.Comment on Facebook
Live news: EU agrees oil price cap and new Russia sanctions - Financial Times
Live news: EU agrees oil price cap and new Russia sanctions Financial Times
Electricity Rates - Bid ON Energy - BidOnEnergy.org/
www.ft.com/content/ed4fcced-b288-47f4-9532-f23db9e617b2 ... See MoreSee Less
Live news: Russian troops retreat from frontline in southern Ukraine
www.ft.com
We use cookies and other data for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are use...Comment on Facebook
Japan to curb electricity costs amid weak yen, recession risks, PM says - Reuters
Japan to curb electricity costs amid weak yen, recession risks, PM says Reuters
Electricity Rates - Bid ON Energy - BidOnEnergy.org/
www.reuters.com/markets/asia/important-japan-link-weak-yen-tourism-recovery-pm-kishida-says-2022-... ... See MoreSee Less
Japan to curb electricity costs amid weak yen, recession risks, PM says
www.reuters.com
Japan will take "unprecedented" measures to curb rising electricity bills for households and businesses as a weak yen fans inflation and global recession fears pose big risks to the economy, Prime Min...Comment on Facebook
Electricity Rates - Bid ON Energy - BidOnEnergy.org ... See MoreSee Less
Moldova’s dependence on Russian gas plays into Vladimir Putin’s hands
www.ft.com
Moscow could exploit winter energy crisis to intensify influence in former Soviet stateComment on Facebook
Woman shocked after getting more than $6K MLGW bill - WREG NewsChannel 3
Woman shocked after getting more than $6K MLGW bill WREG NewsChannel 3
Electricity Rates - Bid ON Energy - BidOnEnergy.org/
wreg.com/news/local/woman-shocked-after-getting-more-than-6k-mlgw-bill/ ... See MoreSee Less
Woman shocked after getting more than $6K MLGW bill
wreg.com
MEMPHIS, Tenn.– A Whitehaven woman was shocked when she went to pay her latest utility bill and the total was more than twenty times what it has been for the twenty years she has lived there.…Comment on Facebook
VIDEO: Body camera shows wild turkey breaking into <b>Ohio</b> home - KCRA
Police officers in Ohio responded to an unusual call on Monday. ... 15 Best Electric Bikes of 2022, According to Testing ...
Electricity Rates - Bid ON Energy - BidOnEnergy.org/
www.google.com/url?rct=j&sa=t&url=https://www.kcra.com/article/video-body-camera-wild-turkey-brea... ... See MoreSee Less
VIDEO: Body camera shows wild turkey breaking into Ohio home
www.google.com
"This was the first time we've been dispatched for wild turkey breaking into a house and then breaking out."Comment on Facebook
Electricity Rates - Bid ON Energy - BidOnEnergy.org ... See MoreSee Less
Florida man arrested for breaking into Hurricane Ian relief, utility repair trucks
www.yoursun.com
A Florida man has been arrested for allegedly burglarizing vehicles slated for Hurricane Ian utility repairs and relief work in the southwest part of the state.Comment on Facebook
Wave energy machines on Australian south coast would slash renewable energy costs, CSIRO says - The Guardian
Wave energy machines on Australian south coast would slash renewable energy costs, CSIRO says The Guardian
Electricity Rates - Bid ON Energy - BidOnEnergy.org/
www.theguardian.com/environment/2022/oct/05/wave-energy-machines-on-australian-south-coast-would-... ... See MoreSee Less
Wave energy machines on Australian south coast would slash renewable energy costs, CSIRO says
www.theguardian.com
Report commissioned by Wave Swell Energy says the machines would make a future clean electricity grid more stable and more reliableComment on Facebook
Two Rivers Public Utility Committee to Discuss 2023 Construction Projects - seehafernews.com
Two Rivers Public Utility Committee to Discuss 2023 Construction Projects seehafernews.com
Electricity Rates - Bid ON Energy - BidOnEnergy.org/
www.seehafernews.com/2022/10/04/two-rivers-public-utility-committee-to-discuss-2023-construction-... ... See MoreSee Less
Two Rivers Public Utility Committee to Discuss 2023 Construction Projects
www.seehafernews.com
The Two Rivers Public Utilities Committee is scheduled to gather this evening in the Committee Room in City Ha...Comment on Facebook
Electricity Rates - Bid ON Energy - BidOnEnergy.org ... See MoreSee Less
Carrickfergus Sea Cadets boosted by lower electricity tariffs IG News
irshadgul.com
Carrickfergus Sea Cadets boosted by lower electricity tariffs IG News October 4, 2022 1 Irshadgul News report, Through Belfast-based Action Renewables, the Cadets’ waterfront building is benefiting ...Comment on Facebook
I knocked £845 a year off my electricity bill thanks to some savvy tips – money’s getting tighter so you ne... - The Sun
I knocked £845 a year off my electricity bill thanks to some savvy tips – money’s getting tighter so you ne... The Sun
Electricity Rates - Bid ON Energy - BidOnEnergy.org/
www.thesun.co.uk/fabulous/20004241/knocked-845-year-off-electricity-bill-savvy-tips/ ... See MoreSee Less
I knocked £845 a year off my electricity bill thanks to some savvy tips
www.thesun.co.uk
A MUM-OF-TWO has revealed some of her top money-saving tips which saw her electric bill fall by a huge £845 a year. Stacey Victoria, 35, a stay-at-home mum from Huddersfield, is a self-proclaimed “...Comment on Facebook
New bill could be a game changer for buying electric cars - Tom's Guide
New bill could be a game changer for buying electric cars Tom's Guide
Electricity Rates - Bid ON Energy - BidOnEnergy.org/
www.tomsguide.com/news/new-bill-could-be-a-game-changer-for-buying-electric-cars ... See MoreSee Less
New bill could be a game changer for buying electric cars
www.tomsguide.com
More EVs could be eligible for $7,500 EV tax credit, including HyundaiComment on Facebook
Electricity Rates - Bid ON Energy - BidOnEnergy.org ... See MoreSee Less
NuQuest Energy Advances Six Utility-Scale Solar Projects Totaling 1.0 Gigawatt
www.businesswire.com
NuQuest Energy LLC, a Louisiana-based utility-scale solar development company, has had six of its projects totaling 1.0 Gigawatt submitted to the MISOComment on Facebook
<b>Connecticut</b> woman gives birth on flight to Dominican Republic - CBS News
Kendra Rhoden wasn't due for another six weeks, but her water broke mid-flight.
Electricity Rates - Bid ON Energy - BidOnEnergy.org/
www.google.com/url?rct=j&sa=t&url=https://www.cbsnews.com/newyork/video/connecticut-woman-gives-b...
Connecticut woman gives birth on flight to Dominican Republic
Kendra Rhoden wasn't due for another six weeks, but her water broke mid-flight. ... See MoreSee Less
Comment on Facebook