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PRI — The energy experts that you should turn to in these tumultuous times!

Natural Gas & Electricity Markets

Natural Gas

As of Mid-September—
  • Natural gas storage inventories stood at 3,082 Bcf. That figure is 6.9% below the 5 year average and 16.0% below last year's levels.
  • Natural gas rig counts are now at 100. A year ago that number stood at 73.
  • Gas production is around 91 Bcf/day and gradually recovering after Hurricane Ida
  • Future gas prices for 2022 and 2023 strips continue to be higher than average. Prompt-month natural gas posted a seven-year high earlier in September.
       Electricity       
  • Electricity prices have been posting week-over-week gains nationwide, corresponding with the surging natural gas prices in August and September. Most regions have shown rises in the 4.5 - 5.0% range. The biggest increases were in the CAISO (California) region with prices climbing 8.5 - 11.0% in different parts of the state. 
  • While 2022 remains quite high, 2023 - 2025 strips are backwardated and are much more in line with expectations.
  • Customers who are accustomed to floating some or all of their electricity are definitely seeing higher bills than what they have become accustomed to in recent years.
  • The MISO grid administration continues to review proposed capacity market changes. They are still contemplating moving to an annual four-season auction.
                                                     Weather
  • Below-average to normal temperatures will move into much of the Midwest this week.
  • Temperatures in the South will hit near 100 degrees and then back off to daytime highs in the lower 90s.
  • Temperatures across the West will continue to be above normal in September as drought conditions continue
  • The Northeast will be shifting to below normal temperatures for the end of September
                       
Demand Response

Prospect Resources (PRI) is saving many clients significant amounts of money on their electricity accounts through Demand Response.

Call us at 847-673-1959 for more information. This year's deadline for signing up is close.
Energy For the Soul

Whatever you do, do it well -
Walt Disney

Have enough courage to start and enough heart to finish -
Jessica N. S. Yourko


 


Ask your energy broker / supplier what differentiates them from others - 
Can they show better results than all other brokers?
Do they have a unique strategy that sets them apart?

At PRI the answers to all of the above is a resounding YES !!
  • PRI has a unique and sophisticated strategy not employed by others
  • PRI has a unique and sophisticated strategy not employed by others
  • Over the past 15 years, PRI saved its clients an average of 16% as compared to other brokers / suppliers
  • Over the past 48 months, PRI saved its clients $50,000,000 as compared to other brokers / suppliers
PRI has redefined the energy procurement process
 
We will be happy to run a comparative analysis to your current broker/supplier
 
Call PRI today and discover what sets up apart, and see what you can do to achieve additional savings 




Prospect Resources Inc. (PRI) is a firm that specializes in managing energy procurement (gas and electricity) for medium and large commercial and industrial clients.

The only constant in the energy markets over the past 15 years is price volatility. This reality turns energy procurement into a very risky business.  


PRI's Layered Hedging strategy is a proven alternative.
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