The March 2020 NYMEX Natural Gas contract settled at $1.821. We have not seen a NYMEX Natural Gas settlement this low since March 2016 (which was $1.711). The current natural gas settlement average for 2020 is $1.952. We still have 9 more months of NYMEX Natural Gas settlements for 2020 but, this is definitely showing us where natural gas prices are trending. Don’t forget, power prices tend to follow natural gas prices!
Whether your supply agreement is set to expire in a month, a few months, or a year from now, we strongly recommend that you review your electric and natural gas supply pricing at this time.