Question

What's the aggregate quote for natural gas for the following.. Explain

Month Usage in Therms

January 135,898

February 150,132

March 112,343

April 48,725

May 21,308

June 5,830

July 4,699

August 5,225

September 7,335

October 33,217

November 120,016

December 204,971

Nicor Gas MDCQ 10,965

Nicor Gas SBS 339,915

Days of Storage 31

Accounts 20

Answer 1

BASED ON THE INFORMATION PROVIDED THE RELEVANT SOLUTION IS PROVIDED BELOW:

• Retail suppliers offer a variety of energy products, so one should become familiar with the choices available in the service area and the configuration of price components. Then consider how these products mesh with unique business goals, taking into account factors such as risk appetite, financial objectives, and efficiency opportunities.
• Some of the market basics and types of pricing plans, which can help shop for a competitive price, the important terms and components that comprise most electricity and natural gas prices so one can better understand what may require clarification and which offers to make the most sense for business.
• Understanding market basics, product types, important terms, and price components make it much easier.
• The seasonal cycle: Demand for energy rises during winter (peak heating season) and summer (peak cooling season) and drops during spring and autumn.
• The energy market cycle: As in other openly traded markets, energy prices tend to rise and fall over the course of four- to eight-year cycles with phases of flat and low, rising, flat and high, and falling prices.