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[Market Monitor] Cold Weather Warning – Potential Impact On Energy Prices

January 10, 2024 – As the holiday weekend approaches and frigid temperatures loom over much of the central US early next week, Tradition Energy urges you to prepare for potential impacts on energy demands, as well as electricity and natural gas systems.

Anticipate single-digit temperatures spreading from the Pacific Northwest to the Great Lakes and reaching as far south as central Texas. This is likely to result in exceptionally high natural gas and electricity demands across most regions, potentially straining gas pipelines and electrical power equipment. Consequently, you may receive notifications of OFO restrictions on your natural gas supply or demand curtailments on your electricity usage from utilities and suppliers.

Moreover, Tradition Energy foresees significant volatility in energy prices during the cold spell. Clients exposed to index markets, including those relying on utility supply in certain areas, should brace themselves for heightened bills in the coming month.

Rest assured, Tradition Energy will diligently monitor the situation as it unfolds and provide more detailed information as it becomes available. Stay informed and prepared for the challenges posed by the upcoming cold weather.

If you require assistance regarding this cold weather warning, please contact your Tradition Energy advisor, or click here.

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