After 10-year lows, Natural Gas prices are expected to rise just when winter is on its way
MISSISSAUGA, ON, Nov. 20, 2012 /CNW/ - Earlier this year, Natural Gas prices hit historical 10-year lows. In some cases they approached 15-year lows! Unfortunately there's always a bottom, and from it there's nowhere to go but up.
Natural Gas prices saw unexpected lows last spring in part due to below average consumption during the winter season. With milder weather, there was little need to turn on a heater for more than a couple of hours a week.
Now, at the end of 2012, The National Energy Board forecasts above average natural gas consumption during a colder winter. This has placed our Natural Gas market in a volatile state.
With a decrease in consumption last winter, Natural Gas prices dropped and Natural Gas producers decreased their overall production in order to increase demand for the commodity. This winter as temperatures drop, residents will turn up their thermostats and those same producers will soon be faced with a wave of increased demand. The result is expected to be increased Natural Gas prices.
Ontario residents have a choice. One smart choice this winter season may be to lock-in Natural Gas rates before prices rise. MyRateEnergy.ca offers options to lock-in the Natural Gas price for a period anywhere between one and five years.
With historically low Natural Gas prices coming to an end, locking in rates is the smart choice.
Do some research and make an informed decision. To learn more about historical Natural Gas prices, current pricing, and more information on long-term energy agreements, visit MyRateEnergy.ca.
MyRate Energy is a small business based out of Mississauga, Ontario. Since 2009, Canadian-owned MyRateEnergy has offered residential and commercial customers in Ontario low energy rates and electricity price protection. The appliance protection program is the latest addition to their home services line-up. For more information, visit MyRateEnergy.ca.
SOURCE: MyRateEnergy.caFor further information:
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