Best Month To Lock In Natural Gas Rates

But how do you know when is the right time to lock in your natural gas rate.

Best month to lock in natural gas rates.

Past 12 months average price per therm. How to read this graph. Money expert clark howard s advice for january 2020 is to lock in with a low cost provider of georgia natural gas rates for the remaining winter months if you haven t already done so high reserves of natural gas coupled with both weakened prices and less demand overseas mean we re seeing great prices right now. By joe quenet on 04 08 13 as shown in the chart below there s historical proof that long term fixed price electricity contract rates tend to go down during the fall and spring season each year as natural gas prices move toward their seasonal lows.

Natural gas prices rise through spring into summer. During the spring march april and fall september october we traditionally see the lowest usage of gas and electric for the average user. The graph above reflects a spread of new york mercantile exchange nymex clearing prices for natural gas from 2015 2019. When thinking about the best time to lock in a fixed price for natural gas or electricity supply you need to understand what a shoulder month is.

If natural gas and electricity prices are the lowest they have been in months it s probably a good idea to lock in a fixed rate plan.