The U.S. Energy Information Administration’s December Short-Term Energy Outlook signals a bump in natural gas costs this winter. Henry Hub spot prices are now forecast to average $4.30/MMBtu from November through March – about $0.40 higher than last month’s projection.

The adjustment reflects colder early-season weather and stronger heating demand, even as storage levels remain healthy at 3,746 Bcf, roughly 103 Bcf above the five-year average.

Natural gas futures trade up to eight years into the future. Long term views of natural gas include analysis of factors including  LNG exports, the growth of data centers, regulatory impact, and oil prices among other dynamics.

Your ENGIE representative can help you smooth out energy price volatility and regain some control over energy costs by hedging.