When you choose Direct Energy Business as your retail electricity supplier, you will enter a contract with Direct Energy Business. Your contract terms will include:
How to Switch
First, confirm that your business is located in a Direct Energy Business service area. Then, contact us for a no-cost, no-obligation quote for your electricity. We offer two ways to request a quote:
Online. Complete an online form for an electricity quote or natural gas quote. To expedite your request, we will ask you to upload electronic copies of your two most recent electricity or natural gas bills. You may also complete our quote form without attaching your bills; OR you can complete the online form and fax your two most recent bills to 1-416-758-4581. Attn: Karen Sampson.
By phone. Call us at 1-800-968-3239.
Market Update for May 17, 2012
The June '12 natural gas contract is up 2.7 cents to $2.645. June '12 crude contact is down 6 cents at $92.75.
Market Factors:
Bullish Factors
- Coal-to-gas switching
- Potential production cutbacks
- EPA regulations (long-term only)
- Below-average additions to storage
- Bearish Factors
- Natural gas glut
- Mild weather
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Next-day Power Traded for 5/17/12 |
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| Mass Hub $27.70 |
Cin Hub $29.58 |
NY Zone A $28.00 |
| PJM West Hub $32.92 |
ERCOT North $29.02 |
CA SP15 $32.60 |
Summary for 5-17-12
The June '12 contract increased 11.8 cents, closing at $2.618. The market jumped significantly because of revised forecasts for warmer weather at many major consuming hubs Crude continued its downward spiral, hitting a 6-month low because of ongoing concerns about the viability of the European Union and U.S. inventory levels that are the highest they've been in decades.
EIA Storage Report: 5-17-12
The EIA reported an injection of 61 Bcf, which was slightly above expectations.
Storage now stands at:2.667 Tcf
Last year: 1.893 Tcf
5-year average: 1.894 Tcf
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