A Story About Natural Gas Supply and Demand
NorthWestern Energy uses historical data to determine how much natural gas customers need, and then purchases the gas when prices are low so it can be used when demand, and prices, are higher.
Unfortunately, the winter storm that wreaked havoc in Texas, severely impacted our country’s oil and natural gas production and distribution. At the same time, extremely cold temperatures across the Midwest increased the demand for natural gas dramatically, forcing many utilities to buy additional supply to meet the needs of customers who rely on natural gas. High demand and low supply meant that the price for natural gas skyrocketed, leaving us all to pay far more than we’re used to.