It’s time for a natural gas update as prices and future forecasts have been dropping.
In the fall of 2021, I advised those on Dominion’s default or Standard Choice Offer (SCO), which were near wholesale rates, to switch to a fixed rate or aggregation rate. Prices were rising and energy forecasts were high through 2022.
Prices went all over the place. We were getting used to prices in the $3-per-thousand-cubic-feet (mcf) range. The SCO went as high as $9.53/mcf in September 2022 and as low as $4.17/mcf in January 2022 and mostly everything in between.