Episode

Energy Markets in 2023 with James Williams

February 15, 2023

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Duration:

1864376

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In This Episode:

Join David Arkell, Lysandra Naom, and market expert James Williams on an episode all about the energy markets as of 2023. This episode features gas market changes, North American market evolution, client impacts, and more. Check out our 360 Carbon Excellence Program.

Highlights

Natural Gas Price Volatility: In 2022, natural gas prices surged above $9 per MMBtu due to cold weather, high demand, and supply challenges but dropped to around $2.50 by early 2023 as storage levels normalized.

Weather and Storage Impact: Colder-than-normal weather in early 2022 depleted gas storage, driving prices up. Conversely, mild winter conditions in late 2022 allowed storage to replenish, stabilizing prices.

Risk Management and Customer Response: The 2022 price spikes have heightened customer awareness of proactive risk management strategies, including setting target prices to hedge against future volatility.

Supplier Credit Requirements: Elevated gas prices have tightened credit requirements from suppliers, as they seek to mitigate risks associated with customers defaulting during price peaks.

Transition to Renewable Energy: High natural gas and electricity costs are prompting some companies to invest in on-site renewables, offering price stability and reduced dependence on volatile fossil fuel markets.

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The Role of Policy and Regulation in Accelerating the Energy Transition

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SMART Carbon Reduction Goals

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Net Zero Carbon Procurement

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Capturing, Storing Carbon Emerges as a Key Energy Strategy

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Managing Volatile Natural Gas Markets

Cement Manufacturers Confront Risk and Opportunity

Solving the Glasgow Climate Summit Challenge

BC Agriculture Hit With Climate Change

Energy Management Gives Durez a Competitive Advantage

The Race to Reduce Carbon Emissions Got a Lot Faster.

Energy Driving Canadian Climate Promises

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Climate Warming “Unequivocally” Linked to Energy Use

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Greenhouse Case Study - Gull Valley

Taking First Steps

A Green Jobs Boom Is About to Hit Canada

The Issue Many CEOs Are Avoiding, but Can’t Postpone

How Canada Can Become a “Net-Zero Carbon” Nation

The CEO Playbook for Winning in Turbulent Times

How Canada’s Budget Gambles on Technology to Solve Its Carbon Problem

Canada’s National Inventory Report Shows a Worrying Trend

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A Holistic Growing Approach

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Bright Green Truths – Renewable Energy Grows From Strength to Strength

Ontario’s Industrial Conservation Initiative Re-Starts May 1st

The Secret to Saving Money in Greenhouse Production

360 Energy: White Paper on Climate Change – a Risk That Investors Must Be Confident Is Being Managed in the Short Term

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