06-30-2011, 12:59 PM
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#1
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Scoring Winger
Join Date: Apr 2011
Location: AI
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Enmax fixed vs. floating rates...
Just curious what everyone has setup there electricity rates at? It looks like floating is jumping 38% next month.
http://www.calgaryherald.com/Power+p...269/story.html
Time to switch to fixed $0.08? Seems ridiculous that Enmax can change the rates to whatever they want.
It's also funny that fixed is not a true "fixed stuck for 5 year" thing. You can switch back and forth as much as you like.
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The Following 2 Users Say Thank You to Robotic For This Useful Post:
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06-30-2011, 02:08 PM
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#2
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Playboy Mansion Poolboy
Join Date: Apr 2004
Location: Close enough to make a beer run during a TV timeout
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Enmax is the only one I'd stay fixed with; as you can cancel at any time.
I've been on 8¢ for a couple of years now.
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06-30-2011, 02:17 PM
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#3
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Franchise Player
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I have a semi-related question about easymax. I know they say you get $100 back per year for using them for both electricity and gas, and you can still get the regulated rate option (floating rates). Are the administration or other fees higher than direct energy for gas?
If not, I can't think of any reason not to switch over.
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06-30-2011, 02:25 PM
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#4
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Franchise Player
Join Date: Nov 2006
Location: Supporting Urban Sprawl
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I would always be fixed, since you can always lower your rate to the current rate.
__________________
"Wake up, Luigi! The only time plumbers sleep on the job is when we're working by the hour."
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06-30-2011, 02:40 PM
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#5
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Lifetime Suspension
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Thanks for the heads up - I fixed in at $0.08 - it'll be 20% less than the floating rate, and I'll watch the rate monthly to see if it drops.
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06-30-2011, 02:41 PM
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#6
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My face is a bum!
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Thanks for the heads up, locked at 8 cents.
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The Following User Says Thank You to THE SCUD For This Useful Post:
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06-30-2011, 02:48 PM
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#8
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Lifetime Suspension
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Quote:
Originally Posted by Rathji
I would always be fixed, since you can always lower your rate to the current rate.
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That's not true, they have been at 0.08 for a long time for the fixed rate, but it's never been that high on a floating rate, so you'd have been losing money for years, as compared to fixed.
I am fixed now, but will go back to floating the second the floating rates are better
80-90% of the time you are better to be floating, so the 1 month in 3 years that you were better to be fixed sure the eff doesn't pay for years of fixed rate pwnage.
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The Following User Says Thank You to THE SCUD For This Useful Post:
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06-30-2011, 03:28 PM
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#9
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My face is a bum!
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I wish I could thank the OP twice. Looking at my Enmax account my EasyMax was screwed up. They owe me about $200. Free utilities next month!!!
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06-30-2011, 03:37 PM
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#10
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Scoring Winger
Join Date: Apr 2011
Location: AI
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Quote:
Originally Posted by hulkrogan
I wish I could thank the OP twice. Looking at my Enmax account my EasyMax was screwed up. They owe me about $200. Free utilities next month!!!
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Split it with ya! haha
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06-30-2011, 03:59 PM
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#11
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Franchise Player
Join Date: Nov 2006
Location: Supporting Urban Sprawl
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Quote:
Originally Posted by THE SCUD
That's not true, they have been at 0.08 for a long time for the fixed rate, but it's never been that high on a floating rate, so you'd have been losing money for years, as compared to fixed.
I am fixed now, but will go back to floating the second the floating rates are better
80-90% of the time you are better to be floating, so the 1 month in 3 years that you were better to be fixed sure the eff doesn't pay for years of fixed rate pwnage.
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Learn something new everyday. We screwed up our Enmax when my wife was on mat leave for our second child, so have been with Direct Energy ever since.
__________________
"Wake up, Luigi! The only time plumbers sleep on the job is when we're working by the hour."
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06-30-2011, 04:23 PM
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#12
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Playboy Mansion Poolboy
Join Date: Apr 2004
Location: Close enough to make a beer run during a TV timeout
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Quote:
Originally Posted by THE SCUD
That's not true, they have been at 0.08 for a long time for the fixed rate, but it's never been that high on a floating rate, so you'd have been losing money for years, as compared to fixed.
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OK, what was the floating rate before? For July it is 9.888¢ - so about 25% higher than fixed.
http://www.enmax.com/easymax/residen...ent+Prices.htm
When I first went fixed I compared it often, and never was the floating rate lower than 8¢.
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06-30-2011, 05:33 PM
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#13
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Lifetime Suspension
Join Date: Oct 2008
Location: Calgary
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Right or wrong I have the floating rate. I don't have the time or patience to keep an eye on the rates and opt out if they drop below 8 cents. Everytime they call me to see if I want to go with the fixed rate I get a little pissed. I figure. Why don't you just give me the best rate.
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06-30-2011, 05:50 PM
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#14
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Likes Cartoons
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Quote:
Originally Posted by ken0042
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I went back a full year on my bill and the average floating rate was 7.5cent. It wasn't until the past 3 months that I've seen it exceed 8cents.
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The Following 2 Users Say Thank You to TheyCallMeBruce For This Useful Post:
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06-30-2011, 06:12 PM
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#15
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Lifetime Suspension
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Quote:
Originally Posted by TheyCallMeBruce
I went back a full year on my bill and the average floating rate was 7.5cent. It wasn't until the past 3 months that I've seen it exceed 8cents.
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Me too, I went back 1.5 years and it's never been above 0.08. I watch it every few months (when I remember!) and never do I see it move.
Enmax's allowing you to jump in and out is great, so there really is no wrong answer here - group hug!
The best approach: When you see floating is going to go above fixed, go fixed. As soon as floating drops below fixed, go back.
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06-30-2011, 06:27 PM
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#16
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Lifetime Suspension
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Enmax makes money every time you switch. Every time.
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06-30-2011, 06:35 PM
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#17
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Lifetime Suspension
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So apparently we're effed either way:
https://www.enmax.com/Power/Tariffs/...ergy+Rates.htm
It's been above $0.08 KwH for 6 out of 24 months - so you'd have been losing money 18 out of 24 months, you'd think....
But when I dump that data into excel and average it out, the average monthly rate?$ $0.076! So you'd have lost $0.004 or 5%. No big diff.
Last edited by THE SCUD; 06-30-2011 at 06:39 PM.
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06-30-2011, 08:07 PM
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#18
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Franchise Player
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Enmax's fixed rate for Electric is usually competitive. It's the fixed Gas rate that seems to be out of whack. It was $6.59 when they were charging $3 on floating.
Speaking of which, where is a reliable source to find out what the upcoming gas rates would be?
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06-30-2011, 11:53 PM
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#19
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Franchise Player
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Quote:
Originally Posted by Drury18
Enmax's fixed rate for Electric is usually competitive. It's the fixed Gas rate that seems to be out of whack. It was $6.59 when they were charging $3 on floating.
Speaking of which, where is a reliable source to find out what the upcoming gas rates would be?
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I'd assume keeping an eye on the AECO Spot and 30 day rates would be a good gauge; I've never looked so I'm not sure what leadtime they have from the benchmarks to when it actually hits your rates.
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