Quote:
Originally Posted by RedHot25
I've enjoyed this discussion, and I apologize in advance for simple/naive questions I have:
1) Its definitely an art, but in terms of locking in (I did), I can just as easily unlock myself from variable rates. At least once every 30 days with Enmax. So yes I could lose or win in 30 days, but I can play the price market if you will and watch and lock/unlock as I go along?
2) I can only speak from my experience with Enmax, but they add a fee onto the variable rate. I think its something like 99 cents per gigajoule or whatever. So, while floating may be lower - and this is coming from someone who has been on floating gas for something like 6-7 years now - I have to add that dollar to the rate in my considerations. So I think you can't discount that either?
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I'm not sure about (2) with enmax, but (1) is a big advantage.
If we have a super cold winter and gas goes to $8, locking in at $4 or less won't be an option anymore. But if we have a warm winter and the price goes down you can switch back to floating.
So while I agree its a 50/50 coin flip, I think its more like "heads I win, tails I don't lose."