Energy Buying

June 18, 2001
  • Planalytics Inc. (Wayne, PA) has announced that Weathernomics Gas Buyer™, a financial risk management tool for purchasing and hedging natural gas, beat the average month-end settlement price by $0.59 per MMBtu over the last 12 months. For the July 2000 through June 2001 natural gas contracts, the average month-end settlement price was $5.45 per MMBtu. Over the same period, according to Planalytics, companies basing their purchases on Weather-nomics daily outputs would have paid $4.86 per MMBtu — a savings of 11%. The software forecasts the turning points and future direction of prices.
  • Publication date: 06/18/2001