Spotlight: October 2023

Happy Halloween!

The season may be scary but the energy market doesn't have to be. Check out recent market news and the tools we have to help you.

Seasonal Cycle

While not exact, this illustrates the rate pattern we see in the seasonal cycle.

Right now, we’re in a low-demand month—not because it’s “spooky” season but because it's fall. The milder weather reduces electricity and natural gas usage. This is why fall and spring are “shoulder seasons.” Lower demand for energy when supply remains high typically brings lower prices.

While many other factors impact pricing, seasonality and weather can be a main driver. If you’re looking for help to determine the right time to procure, or if you need assistance crafting this message for a particular customer, reach out to our team.

Introducing Our Automated Renewal System

Strengthen your passive revenue stream with our new automated renewal system. Whether you forget to reach out to your customer or simply don’t have the time, reminding them to renew could increase your revenue by 11%.

Our system uses market timing to alert your customers to the optimal time to renew their agreement. We include the best rates available as well as a link to see more plans on your branded customer portal.

Market Data Analytics - NYMEX

As for the market, our tools show how prices fare in the wholesale market, comparative from anywhere between the last 10 years and forecasts for future years.

Simply navigate to Market Data Analytics to get any data you need when selling energy rates. NYMEX will show how tradable commodities such as natural gas are bought and sold. This gives you a good indication of how the energy market is doing.

The NYMEX market has seen volatile movement last year only to drop close to record lows in 2023.

As you can see in the graph, we're past those astronomical highs in prices. 2023 has seen close to record-low numbers, but prices will increase as we head into winter.

Market Data Analytics - Wholesale

Our Market Data Analytics tool doesn't just show you where the industry lies in pricing. It also shows the specific utility group you're selling to, which gives you an idea of the rate quality compared to previous and future year(s)’s rate qualities.

Wholesale market graphs can be specifically tailored to the utility you're selling to.

This also gives you access to the data customers use to gauge where we are in the market. If they know they’re in a favorable spot, they’ll feel more inclined to lock in a rate today versus waiting.

Our software has the capability to improve your sales pitch with real-time data. Simply select the utility and usage amount to see how the market is doing.

The following example shows data for 10/11/21 to 10/11/24 of next year. As you can see, today’s price is better than 84% of the prices within that date range. This will give the customer definite satisfaction in knowing they’ve made an educated decision on when to procure their energy.

Earn more in October with Hudson Energy

Throughout the month of October, our partners at Hudson Energy are offering a sweet deal for all our brokers. Book your custom electricity and natural gas deals and earn more with these special payouts, courtesy of Hudson Energy:

• Custom pricing only.
• Based on annual MWh and Dth, cumulative annual volumes closed between 10/1/2023 and 10/31/2023 for all new and renewal deals. (U.S. Only)
• Start Date must be before 12/31/2025.
• Only the extension portion of a B&E counts towards this promotion. The extension period must start before 12/31/2025.
• Hudson will sum all annual MWh and Dth to confirm volume amounts closed during qualifying dates.
• Once you reach Level 8, MWh/Dth will automatically reset to Level 1 and you will be eligible to go through the levels again! Subject to mgmt. Review after 4 times through.
• Bonus amounts will be added to the overall commission statement payable on the following pay run, 11/2023.

Need Help utilizing these tools to your advantage?

Our dedicated pricing desk will help you structure your sales and approach to win more customers using data-backed decisions. Feel free to reach out to learn more.

Power Through Insight, Procure with Clarity

Kress Childs
Partner Success Manager
312-273-5165 ext. 1008
kress.childs@powerkiosk.com

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