February 17, 2021
A Note About Recent Weather-Related Market Conditions
The impact from last weekend’s cold weather event has resulted in a breakdown in the U.S. energy infrastructure from electricity to natural gas. Listed below are certain facts that we have right now and some thoughts on how this weather event will impact the industry for years to come.
WHAT HAPPENED?
A blast of Arctic air covered much of the United States, with nearly 800 record low temperatures set across cities throughout most of the country. These record low temperatures sent demand for electricity and natural gas skyrocketing as people tried to keep their homes warm and their businesses going. This sudden spike in demand, combined with supply shortages from natural gas wells freezing over and other weather related events, sent the energy markets to nearly unprecedented prices, hitting as high as $600 per million British thermal units (MMBtu) in Oklahoma. To put this in perspective, the Cheyenne hub, which has traded at a little more than $2 per MMBtu over the past few years, hit a high of $350 per MMBtu or a 17,400% increase.
HOW WILL THIS IMPACT YOUR BUDGET?
There’s no way around it; the entire energy sector, from electricity to natural gas, has been hit hard and there will be impacts on everyone’s energy costs for years to come. This event highlights the importance of a protection-based plan like our Price Protection Program. This program safeguards you from market volatility during weather-related price spikes while taking advantage of lower prices in low-demand months.
If you have questions about your natural gas, please contact us at 1-888-510-9315 or sales@woodriverenergy.com.
Market Data:
February 17, 2021
February 17, 2021
A Note About Recent Weather-Related Market Conditions
The impact from last weekend’s cold weather event has resulted in a breakdown in the U.S. energy infrastructure from electricity to natural gas. Listed below are certain facts that we have right now and some thoughts on how this weather event will impact the industry for years to come.
WHAT HAPPENED?
A blast of Arctic air covered much of the United States, with nearly 800 record low temperatures set across cities throughout most of the country. These record low temperatures sent demand for electricity and natural gas skyrocketing as people tried to keep their homes warm and their businesses going. This sudden spike in demand, combined with supply shortages from natural gas wells freezing over and other weather related events, sent the energy markets to nearly unprecedented prices, hitting as high as $600 per million British thermal units (MMBtu) in Oklahoma. To put this in perspective, the Cheyenne hub, which has traded at a little more than $2 per MMBtu over the past few years, hit a high of $350 per MMBtu or a 17,400% increase.
HOW WILL THIS IMPACT YOUR BUDGET?
There’s no way around it; the entire energy sector, from electricity to natural gas, has been hit hard and there will be impacts on everyone’s energy costs for years to come. This event highlights the importance of a protection-based plan like our Price Protection Program. This program safeguards you from market volatility during weather-related price spikes while taking advantage of lower prices in low-demand months.
If you have questions about your natural gas, please contact us at 1-888-510-9315 or sales@woodriverenergy.com.
February 17, 2021
A Note About Recent Weather-Related Market Conditions
The impact from last weekend’s cold weather event has resulted in a breakdown in the U.S. energy infrastructure from electricity to natural gas. Listed below are certain facts that we have right now and some thoughts on how this weather event will impact the industry for years to come.
WHAT HAPPENED?
A blast of Arctic air covered much of the United States, with nearly 800 record low temperatures set across cities throughout most of the country. These record low temperatures sent demand for electricity and natural gas skyrocketing as people tried to keep their homes warm and their businesses going. This sudden spike in demand, combined with supply shortages from natural gas wells freezing over and other weather related events, sent the energy markets to nearly unprecedented prices, hitting as high as $600 per million British thermal units (MMBtu) in Oklahoma. To put this in perspective, the Cheyenne hub, which has traded at a little more than $2 per MMBtu over the past few years, hit a high of $350 per MMBtu or a 17,400% increase.
HOW WILL THIS IMPACT YOUR BUDGET?
There’s no way around it; the entire energy sector, from electricity to natural gas, has been hit hard and there will be impacts on everyone’s energy costs for years to come. This event highlights the importance of a protection-based plan like our Price Protection Program. This program safeguards you from market volatility during weather-related price spikes while taking advantage of lower prices in low-demand months.
If you have questions about your natural gas, please contact us at 1-888-510-9315 or sales@woodriverenergy.com.
February 17, 2021
A Note About Recent Weather-Related Market Conditions
The impact from last weekend’s cold weather event has resulted in a breakdown in the U.S. energy infrastructure from electricity to natural gas. Listed below are certain facts that we have right now and some thoughts on how this weather event will impact the industry for years to come.
WHAT HAPPENED?
A blast of Arctic air covered much of the United States, with nearly 800 record low temperatures set across cities throughout most of the country. These record low temperatures sent demand for electricity and natural gas skyrocketing as people tried to keep their homes warm and their businesses going. This sudden spike in demand, combined with supply shortages from natural gas wells freezing over and other weather related events, sent the energy markets to nearly unprecedented prices, hitting as high as $600 per million British thermal units (MMBtu) in Oklahoma. To put this in perspective, the Cheyenne hub, which has traded at a little more than $2 per MMBtu over the past few years, hit a high of $350 per MMBtu or a 17,400% increase.
HOW WILL THIS IMPACT YOUR BUDGET?
There’s no way around it; the entire energy sector, from electricity to natural gas, has been hit hard and there will be impacts on everyone’s energy costs for years to come. This event highlights the importance of a protection-based plan like our Price Protection Program. This program safeguards you from market volatility during weather-related price spikes while taking advantage of lower prices in low-demand months.
If you have questions about your natural gas, please contact us at 1-888-510-9315 or sales@woodriverenergy.com.
February 17, 2021
A Note About Recent Weather-Related Market Conditions
The impact from last weekend’s cold weather event has resulted in a breakdown in the U.S. energy infrastructure from electricity to natural gas. Listed below are certain facts that we have right now and some thoughts on how this weather event will impact the industry for years to come.
WHAT HAPPENED?
A blast of Arctic air covered much of the United States, with nearly 800 record low temperatures set across cities throughout most of the country. These record low temperatures sent demand for electricity and natural gas skyrocketing as people tried to keep their homes warm and their businesses going. This sudden spike in demand, combined with supply shortages from natural gas wells freezing over and other weather related events, sent the energy markets to nearly unprecedented prices, hitting as high as $600 per million British thermal units (MMBtu) in Oklahoma. To put this in perspective, the Cheyenne hub, which has traded at a little more than $2 per MMBtu over the past few years, hit a high of $350 per MMBtu or a 17,400% increase.
HOW WILL THIS IMPACT YOUR BUDGET?
There’s no way around it; the entire energy sector, from electricity to natural gas, has been hit hard and there will be impacts on everyone’s energy costs for years to come. This event highlights the importance of a protection-based plan like our Price Protection Program. This program safeguards you from market volatility during weather-related price spikes while taking advantage of lower prices in low-demand months.
If you have questions about your natural gas, please contact us at 1-888-510-9315 or sales@woodriverenergy.com.
February 17, 2021
A Note About Recent Weather-Related Market Conditions
The impact from last weekend’s cold weather event has resulted in a breakdown in the U.S. energy infrastructure from electricity to natural gas. Listed below are certain facts that we have right now and some thoughts on how this weather event will impact the industry for years to come.
WHAT HAPPENED?
A blast of Arctic air covered much of the United States, with nearly 800 record low temperatures set across cities throughout most of the country. These record low temperatures sent demand for electricity and natural gas skyrocketing as people tried to keep their homes warm and their businesses going. This sudden spike in demand, combined with supply shortages from natural gas wells freezing over and other weather related events, sent the energy markets to nearly unprecedented prices, hitting as high as $600 per million British thermal units (MMBtu) in Oklahoma. To put this in perspective, the Cheyenne hub, which has traded at a little more than $2 per MMBtu over the past few years, hit a high of $350 per MMBtu or a 17,400% increase.
HOW WILL THIS IMPACT YOUR BUDGET?
There’s no way around it; the entire energy sector, from electricity to natural gas, has been hit hard and there will be impacts on everyone’s energy costs for years to come. This event highlights the importance of a protection-based plan like our Price Protection Program. This program safeguards you from market volatility during weather-related price spikes while taking advantage of lower prices in low-demand months.
If you have questions about your natural gas, please contact us at 1-888-510-9315 or sales@woodriverenergy.com.
Enroll in Choice Gas with Three Easy Steps
Click here to access our online Choice tool, or call our Choice gas experts at 1 (877) 790-4990.
Step 1: Enter your account number
- Your Black Hills Energy account number is located at the top right-hand corner of your bill.
Step 2: Review price offers and make your selection
Step 3: Confirm your selection and enter your control number
- You received a control number in your 2024 Choice Gas customer letter mailed to you from Black Hills Energy. If you cannot locate this, you will need to retrieve your control number by calling 877-245-3506 or visit choicegas.com
Once enrolled, you will be removed from marketing communications from other suppliers during the current enrollment period.
