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March 21, 2023
Home » New York Utilities Increase Gas Hedges Ahead of Winter
By William Opalka ALBANY — Chastened by January’s price spikes, New York’s electric utilities are hedging 70% of their natural gas purchases this winter, up from 55% last year. Last year, about 35% of gas was bought on the spot market; this year, utilities intend to cut that down to...
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