Natural gas futures for May 2022 expired on Thursday, April 27, 2022, at $7.267/MMBtu. Numbers haven’t reached this high since 2008. The current 2022 annual average is at $5.492/MMBtu.
The energy market continues its volatility due to inflation along with regulatory constraints. If you are currently in a natural gas or electric supply agreement that is expiring soon, be prepared to pay a lot more.
It is never too early to shop for competitive energy prices, even if your current agreement is not up in the next 6 to 24 months. Muirfield Energy can assist you with helping manage your energy accounts and battle the rising prices. Feel free to reach out to Muirfield Energy’s corporate office at 888-370-8898 or via email at info@muirfieldenergy.com and we can set up a time to meet and see how Muirfield Energy can help you manage your businesses’ energy costs. If you are interested in renewable energy or need assistance with Environmental, Social & Corporate Governance, please contact us.