September 12, 2007 admin

Natural Gas has gone up to $6.43 MMBtu from a low of $5.31 MMBtu

Natural Gas Spiked Up Today

Natural Gas Price Quote

Natural Gas spiking up today due to the sabotaged natural gas pipelines exploding in Mexico a few days ago has raised electric rates in Texas a large percentage. For those commercial businesses waiting to see how low electric rates will go, you may have just seen the last of it. Electric Rates are heading up so fast that many electric companies had to pull contract prices today because of the large fluctuation in the natural gas futures prices.

For those electric companies that hedged their energy before this price spike, they will be able to honor the electric rate contracted. Because the explosion knocked out a large Natural Gas infrastructure in Mexico it would not be out of the question to see gas prices rising back to $7 MMBtu. This would likely raise rates to the .09 cents a kwh rates we saw a few months ago.

It’s too late to lock in at last weeks low fixed prices but you can still get in on a good MCPE rate that remains at historcal low levels right under 7 cents a kwh.

Speak to an Energy Consultant


About the Author

admin Donny started ElectricityBid.com back in 2007 from his parents basement and has since married his wife Melody and had three sons, John Adam (7) and Noah (4) and our new 20 month old son. He enjoys tech related things, softball, kickboxing, going to the gym, excursions and activities together with his wife Melody. Our service allows you to shop and compare commercial and residential electric rates and providers. Would you take the time today to try our service and see how you like it. Thank you! and God Bless You!

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