Weather is just one of the many factors that contribute to the ebb and flow of the power and gas markets. Last winter the United States experienced record temperatures during one of the coldest winters since 1981. The frigid temperatures brought about by the Polar Vortex drove natural gas consumption to record levels.
Increased natural gas demand led to low gas storage levels, and this shortage in storage contributed to increased prices for the remainder of 2014 and for the calendar year 2015. The effects of the Polar Vortex presented an unwelcome lesson to small businesses that had not fixed their gas or power rates. Business owners quickly realized the importance of price-risk management, planning for the unexpected, and the impact of energy market volatility on their bottom line.
This year is already showing similar patterns. The early arrival of below-normal temperatures has driven gas prices up, and as we learned last year, there is no limit to how high gas prices can go. That’s why it’s important for small businesses to understand that not all energy suppliers are the same and an energy supplier’s stability matters, especially during instances of market volatility. Constellation’s business model is designed to ensure long-term stability and to withstand the effects of short-term energy price volatility. The bottom line: we are committed to helping our customers protect their businesses by offering long-term, fixed rates.
Remember, as we approach the winter season, cold temperatures can increase market volatility, which can impact your business’s bottom line. Protect your business by choosing a stable energy supplier that is committed to serving your business through market volatility.
Here is Constellation’s commitment to our small business customers:
Constellation recently named 96 new grant recipients through its Community Champions program, which is dedicated to honoring local nonprofit organizations in the 27 states Constellation services. Constellation and StarTex Power customers are able to apply for a grant up to $500 that benefits local non-profits with missions spanning education, youth development and environmental projects.
Twenty five percent of survey participants in FEMA’s 2011 survey said the cost of preparing for a hurricane and confusion surrounding hurricane preparedness meant they did not take as many steps to secure their home as they could have! At Constellation, we wanted to make the process of preparing for a hurricane easier.
Any pests in your home are cause for concern. They’re annoying, could bite and spread diseases, and they can damage your house.