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Cheese · 08-03-2006, 08:45 AM

Energy Shop gives you a better glimpse of market prices you can buy in your particular area...

Energy Shop

Working in the field (Electrical Engineering to be specific) I have yet to change or lock in from the Market. The rates to lock in are simply too high to benefit at this time. Same goes with Gas.
The things to watch for in the Gas market are the Transportation Rates. Fixed Transport is desirable, but you will find that you will pay more for transport or a floating range for this than what is offered in Market values. Floating ranges are dangerous as they could be 5 cents a cubic meter today and 10 cents next month....a big jump. Look at your bill for current transport costs.
Winter is always the months where these rates climb and our bills get uncomfortable....but watch the summer rates drop and in the end its still best to stay Market. It would take steady increases and holds on those increases over a period of 3 or more years to make locking in worth it.

Here in Ontario we paid Gas rates at 42 or 43 cents per cubic meter last winter with a 5 cent delivery rate I believe on top of that. Presently we are at 34 or 35 cents.

Apologies for cubic meter vs Gigajoule comparisons (Alta vs Ont).

Electricity lock-ins are simply not worth it at this point in time.

You will also PAY large penalties if you try to opt out of "most" programs before the lock expires.

08-03-2006, 08:45 AM	#12
Cheese Franchise Player Join Date: Mar 2002 Exp:	Energy Shop gives you a better glimpse of market prices you can buy in your particular area... Energy Shop Working in the field (Electrical Engineering to be specific) I have yet to change or lock in from the Market. The rates to lock in are simply too high to benefit at this time. Same goes with Gas. The things to watch for in the Gas market are the Transportation Rates. Fixed Transport is desirable, but you will find that you will pay more for transport or a floating range for this than what is offered in Market values. Floating ranges are dangerous as they could be 5 cents a cubic meter today and 10 cents next month....a big jump. Look at your bill for current transport costs. Winter is always the months where these rates climb and our bills get uncomfortable....but watch the summer rates drop and in the end its still best to stay Market. It would take steady increases and holds on those increases over a period of 3 or more years to make locking in worth it. Here in Ontario we paid Gas rates at 42 or 43 cents per cubic meter last winter with a 5 cent delivery rate I believe on top of that. Presently we are at 34 or 35 cents. Apologies for cubic meter vs Gigajoule comparisons (Alta vs Ont). Electricity lock-ins are simply not worth it at this point in time. You will also PAY large penalties if you try to opt out of "most" programs before the lock expires. Last edited by Cheese; 08-03-2006 at 08:50 AM.