You can install our site as a web app on your iOS device by utilizing the Add to Home Screen feature in Safari. Please see this thread for more details on this.
Note: This feature may not be available in some browsers.
I think you're misreading something. The "wholesale" cost that's relevant is the Henry Hub benchmark prompt future price (currently series NG12G), which closed at $2.33/MMBtu on Friday. I pay $5.3143/MMBtu from my gas utility, plus local distribution costs. While that ~100% markup looks remarkable, utilities almost always buy a lot of gas in advance of the year and put it into storage, as well as hedging gas prices through multi-year contracts. So while I'm sure that National Grid is making a profit on that spread, mostly it's some traders who are benefiting by falling gas prices. Those traders, though, stood to lose big if it had been a very cold winter and natural gas prices had shot up.Edit: Reading this article raises another question for me. The wholesale cost is $1 per million BTU, and the retail is $1 per BTU? That's a remarkable markup from wholesale to retail. Either that, or my utility company is being sloppy with their units.
I think you're misreading something. The "wholesale" cost that's relevant is the Henry Hub benchmark prompt future price (currently series NG12G), which closed at $2.33/MMBtu on Friday. I pay $5.3143/MMBtu from my gas utility, plus local distribution costs. While that ~100% markup looks remarkable, utilities almost always buy a lot of gas in advance of the year and put it into storage, as well as hedging gas prices through multi-year contracts. So while I'm sure that National Grid is making a profit on that spread, mostly it's some traders who are benefiting by falling gas prices. Those traders, though, stood to lose big if it had been a very cold winter and natural gas prices had shot up.
Is that electric resistance heating or electric heating using a heat-pump?The most interesting thing about this is that I recently computed the breakeven point where electric heating is cheaper than natural gas heating. At current prices, electric heating costs about twice as much as gas heating.
Is that electric resistance heating or electric heating using a heat-pump?
Wholesale electricity and natural gas prices move almost in lock-step here in the northeast, so unless renewables radical reshape the power markets, I wouldn't count on a change in the natural-gas/electricity price ratio.
Yes, I was talking wholesale. Retail prices are a product of regulatory lag. Your utility undoubtedly has a book of contracts and owns stored natural gas, all of which are way above market prices today.