The pandemic crisis is wreaking havoc with energy markets across the nation and in Northeast Ohio, where it’s creating both windfalls and potential losses for businesses, not to mention headaches.
If you buy your power based on the daily rates in the spot market, and can still find a use for it, it’s a good time to purchase power. If you previously bought ahead to give yourself predictable rates, or hoping to lock in a low price … ouch.
The price of power is as low as many folks have ever seen, including some who have been watching it closely for decades. And it’s got multiple weights pushing it down possibly further still.
First, there are the inputs. The price of the new favored fuel