Main takeaway is that prices will go down from where they are now, so keep shopping in the spring and summer, even if you think you got a good deal. And even if you signed a three year contract, you can cancel without penalties. So if you find a better deal later on, just cancel your current contract and switch to that.

I never tracked it that closely. Have rates ever gone down? I only recall it ever going in 1 direction. Why would rates go down in summer when demand is higher for AC? Just curious

Thank you. I am going to be checking rates a lot now.

Less demand for heat.

Interesting. I'd think most heat is oil or gas and altho it takes some electricity not nearly as much as AC.

It’s a commodity that spikes with global demand. Much of the North East uses oil for heat, but that’s fairly unique. Electric rates are tied to NG commodity pricing because more than a quarter of the US’s power generation is has based.

NG is 34% of Europe’s power generation as well. And New England is fairly tied into the European NG market due to reduced pipeline capacity and the Jones act.

NG essentially always spikes through winter and comes back down in spring. It’s just not usually this severe.

Globally not as many markets are as air conditioned as the US, so even if AC is more demanding, the demand isn’t equal across the northern hemisphere.

Makes sense! Thanks for the explanation. I am kind if kicking myself for not thinking this through but that is what lack of sleep will do !

It says it can take 1-2 billing cycles to take effect that’s kinda bummer