Recently, UGI Energy Services (UGIES) hosted energy industry colleagues from the Greater Philadelphia Chapter of the Association of Energy Engineers (GPAEE) to discuss energy market trends heading into the 2023-2024 heating season, as well as to tour the company’s Temple LNG facility.
After many years of stability and relatively low prices, the natural gas market has taken a turn towards volatility and skyrocketing rates. Consumers should be aware of these recent changes and take action to mitigate the risks associated with an unsteady, high-priced market.
National Gas Intelligence’s recent episode of their Hub and Flow podcast featured 7 contributors to the recent volatility in the natural gas market. Domestic politics, international unrest and weather conditions all play a factor in this crazy rollercoaster of a market. Here I’ll summarize the overall contributors to this volatility as laid out by National Gas Intelligence.
In recent months we have seen several energy providers declaring bankruptcy, closing up shop and cancelling contracts, leaving customers abandoned in the process. This leaves you wondering what you should do next, and how your provider could leave you high and dry. We have seen many energy companies come and go over the 27 years we’ve been in business – and we can guarantee you that UGI Energy Services is here to stay. We have the assets to back us up.
UGI Energy Services continues to invest in energy sources that provide customers with energy solutions that are innovative, efficient and beneficial to the environment. Such sources include renewable natural gas (RNG). The UGI Energy Services communications team recently discussed RNG with Director of Business Development Dave Lindenmuth to help customers better understand the fuel, its benefits and its outlook for production and consumption growth.
Q: What is renewable natural gas, and how is it produced, stored and transported?
Dave: Renewable natural gas (RNG) is biogas produced from the breakdown of organic materials including trash, food waste, animal manure, and wastewater sludge.
When we think of Texas weather, relatively warm and temperate days come to mind, even in the winter. Last month, Northern Texas reached record-breaking cold temperatures that greatly affected residents of the state. Texans experienced freezing conditions and accumulating snowfall, and many were left without power and heat. Luckily, the temperatures are back to normal now – however, not only was North Texas affected but the rest of the nation was as well. Here at UGI Energy Services (UGIES), you can be sure that in a situation like the one just seen in Texas, we would walk you through each step of resolving these issues and how it correlates to your energy bill.
Are you ready for some football?
It’s that time of the year again! The Sunday dedicated to chicken wings, pizza, cold drinks & yelling at a TV screen. That’s right – Super Bowl Sunday is quickly arriving. On February 7th we will be graced by the Kansas City Chiefs and the Tampa Bay Buccaneers dominating our living rooms – fighting for the prize that is held most glory – the Super Bowl ring! Can you tell we are excited? But what does all of this have to do with energy?
What do COVD and a warm winter have in common?
Answer: They both wreak havoc on natural gas prices.
Aaron Lovenworth, Regional Sales Manager at UGI Energy Services put some information together to help you better understand where natural gas prices are headed, and what you can expect in the upcoming winter season.
We know switching your business’s energy provider isn’t an easy decision. You want to work with a reliable, reputable company that knows the ins and outs of the energy market and will understand your unique needs.