How have power markets moved over the past 8 weeks?

We have seen a 20% decline in wholesale power markets since November 4. You can see the precipitous and dramatic decline in the following graph from The Megawatt Hour’s platform.

What does this market drop mean to you?

Sometimes customers feel as paralyzed by a market decline as from a market spike. (Remember what happened last Winter?)

This is the best buying opportunity we have seen in the last 12 months. Do not miss this opportunity to renew or extend your supply contracts so that you can ensure that you are managing your costs well into the next fiscal year. There are limits to a market’s decline, and often no limit to the potential increase in costs. (Remember what happened last Winter?)

Sometimes customers think that the best time to buy is when the market starts to increase again– given how volatile this market is and has been, we do not recommend waiting.

Bottomline for businesses and institutions: Find out how this market move impacts your current and future costs. Take advantage of a buying opportunity. Don’t wait, look in the rear view mirror and then regret not acting now.

Call (866) 212-2050 ext. 1 or email us, we can tell you exactly what this means to you and how to take advantage of this buying opportunity.