Good news for me because I have a gas contract renewal in October with an early cancellation penalty so I can't find a new supplier until then. Hopefully it will still be a few cents lower then.
Right.
I just checked TTF Netherlands LNG futures.
The price jumped from 74.00 per mmBtu in December last week to 83 bucks per mmBtu in December today.
Those Euro kids are screwed.
Henry Hub [domestic] is at 9.25 per mmBtu. A rough calculation for your natgas bill COG [cost of gas] is 10% of the Henry Hub mmBtu price - about 92 cents per therm.
Tack on your ready-to-serve charge and distribution charges.
Our COG per therm last winter was between 30 and 35 cents, for reference. It may be over a buck this winter, thanks to the European dipsticks.