Since May of 2021, the energy markets have shifted from decade lows to decade highs. Heating oil, propane, natural gas and electricity have seen dramatic rises in costs over this time. Natural gas, which is the primary fuel source for electricity generation, has gone on an unprecedented tear driving up electricity prices in the region. New England’s fragile natural gas network causes severe strain on our electricity grid during peak winter months as the region cannot meet its natural gas requirements. This pushes up New England’s reliance on LNG (liquified natural gas) delivered by ship into Boston. This, along with low storage, record exports, and continuing global unrest abroad, affects New England’s electricity pricing, and this winter and beyond will be extremely expensive.

The NHADA Electricity program was created to help members manage their electricity spending and there
is no better time to join than now during this extreme market volatility.