There have been a lot of twists and turns in the natural gas market during our long standing relationship and we are pleased that we have been able to help South Jersey Gas effectively navigate the market and manage costs for its customers
Berwyn, PA (PRWEB) January 12, 2012
Planalytics, Inc. announced today that South Jersey Gas Company, which provides natural gas service to more than 349,000 customers, has renewed its subscription for energy risk management services for two additional years. The agreement provides the utility access to Planalytics Energy Procurement Intelligence Service into 2014, marking a decade as a Planalytics customer.
“South Jersey Gas was one of the first utility companies Planalytics worked with to help manage natural gas price risk,” commented Paul Corby, Planalytics’ senior vice president of Energy. “There have been a lot of twists and turns in the natural gas market during our long standing relationship and we are pleased that we have been able to help South Jersey Gas effectively navigate the market and manage costs for its customers.”
Planalytics Energy Procurement Intelligence (EPI) Service provides companies with daily market monitoring, price analysis and buying/hedging actions. Planalytics EPI continuously evaluates real-time pricing from the Chicago Mercantile Exchange and provides straightforward “Buy” or “Don’t Buy” suggestions up to 18 months into the future. Planalytics suggestions for natural gas are based on a combination of fundamental factors (weather, inventory levels, etc.), financial factors (foreign exchange rates, investment trends, GDP, etc.) and technical factors (resistance and support levels, open interest, etc.).
Planalytics EPI provides additional analysis tools including charts for technical analysis and forecasts showing weather-driven changes to energy demand. Companies also receive Planalytics InsideEdge newsletters and have direct access to Planalytics’ energy experts and meteorologists.
About South Jersey Gas
South Jersey Gas is the principal subsidiary of South Jersey Industries and provides natural gas service to more than 349,000 residential, commercial and industrial customers in Atlantic, Cape May, Cumberland, Salem, and significant portions of Gloucester, Burlington and Camden counties in New Jersey. Visit http://www.southjerseygas.com to learn more about South Jersey Gas and its programs.
About Planalytics Inc.
Planalytics, Inc. is the singular global source of Business Weather Intelligence® – the actionable information companies need to understand and optimize the impact of weather on their business. Weather is the most volatile of all external factors affecting business performance and Planalytics helps companies proactively manage this risk. Powered by an unparalleled database of weather’s financial and volumetric impacts, proprietary forecasting technologies and market-specific expertise, Planalytics’ Business Weather Intelligence is essential to any company, in any industry, looking to effectively shape strategies, pinpoint opportunities and make more profitable decisions. For more information, visit http://www.planalytics.com.