EIA Predicts Lower NatGas & Electric Prices on the Way in 2023

Yesterday MDN poked fun at the gyrating up-and-down predictions from the U.S. Energy Information Administration (EIA) with respect to the spot price of natural gas at the benchmark Henry Hub (see EIA 2H22 Henry Hub Price Prediction Continues to Gyrate Up & Down). Our sarcasm and dry wit were lost on at least one humorless reader. Our point was that EIA tries to do the impossible--predict prices months or even years out. Nobody can do it reliably. But that doesn't stop them from trying. EIA is predicting natural gas prices in 2023 will go down significantly from current levels, and along with the lower HH price, the price of electricity will go down too.

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