The Great Lakes Region forward power prices have found recent price support as prompt-month natural gas prices have moved-up after hitting a 25-year low a couple weeks back. Expectations of an end to this pandemic along with a significant cut in natural gas production have power markets trending-up further-out on the price curve. Forward power prices in GLR have increased 2% on the front of the price curve, 2021-2022, and only 1% for the 2023-2025 terms over the past week. Over the past month, those percentages rise to 4% for the former and 1% for the latter. Compared to the all-time lows for the 2021-2025 terms, the average increase from the lows is 4% with 2021-2022 averaging 6% above their all-time lows while 2023-2025 is currently sitting 2% higher than their lows. Day Ahead inde prices in Ameren are 31% lower than they were a year ago in April 2019, while Michigan is 35% lower, Chicago 44% lower and downstate IL (Ameren) 53% lower than the previous year.
[New Suppliers] BOX Introduces Gasearch, TransAlta and Mercury Energy
Gasearch (Custom Pricing)
Gasearch is committed to supporting local business by only purchasing and supplying gas produced in Ohio to their customers; that has been their mission since founding in 2000. They feel a strong loyalty to customers and producers who are integral contributors to the economy in northeast Ohio. Additionally, by buying locally produced gas, Gasearch eliminates some of the heavy transportation costs associated with the interstate pipelines and pass that savings on to you.
TransAlta (Custom Pricing)
Alberta (electricity & gas)
Beginning as a small, local power company in 1909, TransAlta has transformed over the last century to become an experienced and well-respected power generator and wholesale marketer of electricity. With approximately $3 billion in annual revenue, more than $9 billion in assets and operations in three counties, they have proven their worth as a power generator, as a community member and as a solid investment.
Mercury Energy (Matrix & Custom Pricing)
Mercury Energy is a natural gas provider offering competitive rates and plans to customers in Ohio. They take great pride in their customer-first model that delivers accessible support and company transparency for a hassle-free experience.