Quote:
Originally Posted by bizaro86
Locked in gas for $3.79/GJ with Atco. Current AECO gas price is >$5, so seems like a pretty easy win.
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Except it's not. Current rate is $2.78. Last month was $3.28. It has been going down for two months now. Unlike electricity buying contracts, with natural gas fixed prices, they always lock you up at a higher rate than the current market price and then you lock and start hoping that the pries go up now. They may go up or down, but if they don't, then for a while, you are paying more than the flexible rate. Natural gas is nearly impossible to store feasibly, so prices are always affected by consumption (low temperatures) and production levels (amount of extracted gas that needs to be distributed). If there's too much gas produced in expectation of cold winter, the prices will go down. And any combination of these two factors thereof.
https://economicdashboard.alberta.ca/naturalgasprice