Brilliant Source

How severe weather effects natural gas prices

If you live on the northern east coast, you’re very familiar with the intense weather swings that occur throughout the year. Blizzards, hurricanes and tropical storms are frequent visitors.

And oftentimes during the winter months, a mix of cold air from the Arctic collides with warm air from the oceanic Gulf Stream can create what is known as a nor’easter.

A nor’easter is an intense storm that combines frigid temperatures, coastal flooding, hurricane-force winds, blizzard conditions and tornadoes. But did you know, the nor’easter, like the one many east coast residents experienced this past weekend, can also have a huge impact on gas rates.

While various factors can affect natural gas prices, increased consumer demand is most often a result of severe weather events. Net effect on gas rates could be volatile and, coupled with cold weather, we are very likely to see higher rates as the demand rises and supply decreases.

There are a number of things you can do to prepare your home or business before extreme weather happens, but here are a few things you can do to help right now:

  • Adjust your thermostat – Keep a lower average air temperature and set your thermostat between 7-10 degrees cooler when your home of office is unoccupied. According to the U.S. Department of Energy, this can reduce your annual as bill by as much as 10%.
  • Lower your water heater temperature – According to the U.S. Department of Energy, many manufacturers set water heaters to 140 degrees but most homes only require a setting of about 120 degrees. Watch this video to see how to adjust your tank.  
  • Reduce your cooking temperature – If you have a gas range, you could help reduce your overall natural gas consumption by simply lowering the level of flame that you use while cooking.

For more information on natural gas energy savings for your home or business, contact us at info@heynowwebsites.com.

Related Post

Uncategorized

Empowering Your Savings: National Cut Your Energy Costs Day and Energy Saving Week

As your dedicated partner in energy efficiency, we’re excited to dive into two important events that can significantly impact your bottom line—National Cut Your Energy Costs Day and Energy Saving Week. At Brilliant Source Energy, we understand the importance of optimizing energy usage, and these initiatives align perfectly with our mission to provide comprehensive energy analysis and consultation for businesses and homeowners alike.

Read More »
Uncategorized

How EFECs Help You Offset Scope 2 Emissions

If your organization is working toward decarbonization, one of the first places to start is Scope 2 emissions—the indirect emissions from the electricity, heating, and cooling you purchase.
While Scope 1 emissions (from owned vehicles or combustion on-site) are highly specific to operations, and Scope 3 (value chain emissions) can be hard to control, Scope 2 is measurable, reportable, and actionable.

Read More »
Uncategorized

Temperatures Plunge, Gas Bills Rise

As winter weather strikes and temperatures begin to plunge, you will likely see an increase in your natural gas bills. The cause of this larger bill goes beyond turning up your thermostat. Below freezing temperatures spike demand for natural gas, in turn, spiking prices. With supply chain issues still lingering from the COVID-19 pandemic, price increases are intensified this winter season.

Read More »
Uncategorized

Going Dark: Solar Eclipse

In 2016, the city of Las Vegas announced that it had reached its goal of powering the city government entirely with renewable energy. This goal was reached with the launch of Boulder Solar 1, a 100-megawatt solar plant located just south of the city. Las Vegas began its renewable energy project in 2008, reducing electricity usage through sustainability programs and installing solar panels on city buildings.

Read More »
Uncategorized

Cost of Conflict: Why You’re Paying More at The Pump

What is the cost of conflict? Devastating events continue to unfold in Ukraine and the effects are rippling around the world. With sanctions set in place, you have likely already felt the effects at the gas pump. President Biden signed an executive order on March 8th banning imports of oil, natural gas, and coal from Russia. While Russia is currently the world’s third-largest exporter of crude oil and the world’s second-largest exporter of natural gas, only about 8% of U.S. oil and refined product imports came from Russia in the last year.

Read More »