UGI Energy Services LLC (UGIES), a subsidiary of UGI Corporation (NYSE: UGI), announces the purchase of South Jersey Energy Company’s (SJE) retail natural gas business including Open Flow Energy, effective December 1, 2018. The purchase includes all of SJE’s 2,500 commercial and industrial customer contracts, which includes supply service to approximately 6,000 locations. This acquisition continues the strategic buildout of UGIES’ growing retail natural gas business.
Partnership Between Carbon Creek and Xpansiv Provides Energy Markets with Unprecedented Frack-Free Natural Gas
GP Energy Management and Carbon Creek Energy are proud to announce a first-of-its kind sale in commodities markets that represents a paradigm shift in the energy industry—Frack-Free Natural Gas Certificates. Carbon Creek has entered into a contract with East Coast Power & Gas, a regional energy services company, to deliver a groundbreaking product in a multi-year deal.
Natural gas took a breather after its biggest gain in eight years as forecasts for lingering U.S. cold spurred concern supplies may not be enough to meet winter demand.
There are many reasons for consumers to want natural gas: It is a stable and reliable supply; it costs less, and it means customers do not have to deal with the delivery truck aspect. Also, the fact that natural gas only produces half the carbon dioxide of fossil fuels makes it an environmentally friendly choice. The lower cost of natural gas has become particularly appealing over the last decade, with prices dropping 60 percent since 2008 thanks to skyrocketing supply choices.
Warmer than usual autumn, nuclear power outages and low stockpiles of natural gas are causing gas prices to increase by 12% over last month.