Natural gas continues to be an ever increasing commodity of choice in electricity production in the United States. Below is a chart published by the US Energy Information Agency (US EIA) that graphs the mix of fuels used to generate electricity, over time, in the US.
According to US EIA, the continued switch to natural gas for electricity production, as a replacement for coal, will lead to increased electricity supply costs in 2017.
Based on the US EIA’s prediction, now could be a great time to lock in cheaper electricity supply costs for your commercial accounts. Even if you are under contract with a third party supplier, you often can lock in a new supply contract today, that would begin when your current contracts ends.
Call or write to Electric Advisors if you have any questions about how to extend your electricity supply contract.
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