Nor’Easter Impacts Energy Consumption

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Snow cover in the Northeast is driving demand for home heating supply, according to national energy marketer MXenergy.

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With snow cover, the rays are reflected and the air temperature drops

Snow cover in the Northeast is driving demand for home heating supply, according to national energy marketer MXenergy.

Blas Pina, Director of Price Protection for MXenergy, reported to MXenergy customers that last weekend’s heavy snowfalls lower air temperatures by reflecting the sun’s rays.

“Ordinarily the sun’s rays are absorbed by the ground surface and the heat is released at night,” Mr. Pina said in a daily email that is distributed to the Company’s commercial consumers of natural gas and electricity. “But with snow cover, the rays are reflected and the air temperature drops, particularly in the night time hours.”

As a result, Mr. Pina noted, natural gas consumption increases and storage reserves drop.

“We have seen a turnaround recently in gas storage levels, with net draws from storage over the past couple weeks,” Mr. Pina reported.

About MXenergy
MXenergy is one of the fastest growing retail natural gas and electricity suppliers in North America, serving approximately 500,000 customers in 40 utility territories in the United States and Canada. Founded in 1999 to provide natural gas and electricity to consumers in deregulated energy markets, MXenergy help residential customers and small business owners control their energy bills by providing both fixed and variable rate plans. MXenergy is committed to best practices in environmental conservation. MXenergy is a member of the Chicago Climate Exchange and an Energy Star Partner. More information can be found at http://www.mxenergy.com.

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Pamela Fink
MXenergy
203.356.1318 ext. 7454
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