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. 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. 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. 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.

Conclusion consumers that live in deregulated markets have a huge advantage because they can shop around and find the best rates. When is the best time of year to lock in your long term electricity contract. This depends on a variety of factors including time of year and your business tolerance to risk. The graph above reflects a spread of new york mercantile exchange nymex clearing prices for natural gas from 2015 2019.

Past 12 months average price per therm.