Happy New Year! New weather forecasts for New England from NOAA show a mild winter with below-average demand. January is expected to be the warmest in 40 years, keeping natural gas and electric retail prices relatively steady.

If your electricity is supplied by EverSource, National Grid, Unitil, Liberty, and Central Maine Power, your electric bills doubled/tripled over the last three months.

Weather is the most significant impact on the cost of energy during the winter in New England. Although market direction has an impact, it is the weather (especially during the winter months) that make-or-break energy budgets.