Cold Spell Brings Natural Gas Record
Starting off the 2018 new year, a cold spell swept through the mid-west and east coast, causing the U.S. to burn the most natural gas ever on Monday, Jan 1. This broke the previous record set in 2014, when the so-called polar vortex blanketed the nation’s eastern half with arctic air.
According to a Jan 2 article on bloomberg.com:
“America consumed 143 billion cubic feet of gas as temperatures dipped to all-time lows on New Year’s Day. This topped the previous high of 142 billion from four years ago, data from PointLogic Energy show. Prices for the heating fuel rose to the highest in a month.”
Local Utility Companies Struggled with Supply Shortages
During Monday’s peak usage, local natural gas utility companies feared a supply shortage and the low pressure it could cause in the delivery system. As a result, they asked residential and commercial customers to reduce their gas consumption to prevent major problems. Residential customers were asked to turn their thermostats down by 5 degrees, while commercial users were requested to reduce their consumption by 25%.
EnergyMark Met the Demand with Locally Sourced Natural Gas
As one of the largest volume private natural gas supply companies in Western New York, EnergyMark managed to meet all of the natural gas demands that resulted from this record-breaking peak send-out.
EnergyMark went out and purchased additional locally sourced natural gas to meet the increasing demands to ensure a reliable supply for all customers – without asking them to reduce their usage.
Additionally, residential customers enrolled in the Guaranteed Savings program saved on their natural gas cost compared to the utility.
Original Bloomberg article