March 16th 2020


Thank you for being a valued customer of Energo.

During this uniquely challenging time, I am comforted by the fact that we live in the greatest country in the world, and I am confident we have both the resources and fortitude to overcome this devasting disease.

Marathon is deeply committed to the health, safety, and well-being of our customers, employees, and communities. We know that our customers rely on us to energize their lives and businesses, and we are doing our part in fulfilling this commitment.

Over the past several weeks, we have closely followed and implemented the Centers for Disease Control’s (CDC) guidelines and recommendations on the steps we can take to help prevent the spread of the virus, both within our organization, and in the homes and businesses of the customers we serve. In addition, we have initiated robust business continuity plans and emergency procedures. Energo stands ready to continue operating normally, providing safe and reliable power, natural gas, and liquid fuels to its +40,000 customers in five states.

At this time, our thoughts and prayers are with those experiencing difficulty and whose loved ones are infected and sick with the virus. For those with young children, let us be reminded that they are watching us and learning about how to respond to stress and anxiety; so let us set good examples for all of them, and teach our kids to be resilient during times of uncertainty, not panic.

Again, we sincerely appreciate your business, and we look forward to continuing to serve you for many years ahead.

Best wishes for your safety and health,

Jerry Drenis
President & CEO

Heating Oil

  • Prompt-month heating oil futures decreased 16.22% for the week ending Friday, 3/13, as prices fell $0.2246 per gallon.
  • On the New York Mercantile Exchange, crude futures for delivery in April closed at $31.79 per barrel on Friday, 3/13, up 3.05% for the day, and down 23.34% for the week.
Why So Crude? Crude oil prices continued to drop last week and were sharply down again on Monday, trading near $29 a barrel. An emergency interest rate cut from the Federal Reserve did little to ease investor anxiety as countries locked down borders and stores, stadiums, and casinos closed. Adding to the bearish environment was news that a technical meeting between OPEC and non-OPEC members planned for Wednesday had been called off due to coronavirus concerns. An expected surge in supply from Saudi Arabia combined with diminished demand for crude would create an even greater surplus than already exists in the market. The Baker Hughes oil rig count rose last week, going from 682 to 683 and indicating increasing domestic production.

Natural Gas

  • Prompt-month natural gas futures increased $0.161 for the week ending Friday, 3/13, to settle at $1.869/Dth.
  • Overall supply decreased by 1.3 Bcf from the previous week. Total demand decreased by 9.7 Bcf.
  • Natural gas exports in December 2019 were 481,006 million cubic feet, compared with 363,458 million cubic feet in December 2018. This is a 32.34% increase.
  • Net withdrawals from storage totaled 48 Bcf, compared with the 5 year average net withdrawal of 99 Bcf and last year’s net withdrawal of 164 Bcf during the same week.
  • Working gas stocks total 2,043 Bcf, coming in 227 Bcf more than the five-year average and 796 Bcf more than last year at this time.
Colder Trends & Virus Impact. Natural gas futures finished higher on Friday as investors reacted to rising demand for risky assets and heightened volatility in commodity markets, especially the energy sector. Prices were also supported by colder trends in the latest weather forecasts. – FX Empire


  • Average peak prices in NYC decreased last week, falling $1.77 to $18.79 per MWh.
  • Average peak prices in Central NY’s Zone C decreased, falling $0.99 to $14.32 per MWh.
  • Average peak prices in New Jersey’s PSE&G decreased, falling $0.34 to $17.86 per MWh.
  • Average peak prices in New Jersey’s ACE decreased, falling $0.12 to $17.71 per MWh.
  • Average peak prices in Pennsylvania’s PPL decreased, falling $0.38 to $17.04 per MWh.
  • Average peak prices in Maryland’s BGE decreased, falling $1.78 to $22.58 per MWh.
  • Calendar 2020 prices in NYC increased $0.01 per MWh, and Zone C prices increased $0.04 per MWh.
  • Calendar 2020 prices in PSE&G increased $0.21 per MWh, and ACE prices increased $0.18 per MWh.
  • Calendar 2020 prices in PPL increased $0.19 per MWh.
Demand Is Up. Electricity demand in Europe and the U.S. will make weekdays seem like weekends as the coronavirus prompts a growing number of countries to consider telling people to stay home. – Bloomberg


Fighting Pandemic With Tech. How artificial intelligence, data science, and technology is used to fight the pandemic. – Forbes