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moneysense.ca, 26/06/06
Enbridge Cuts Gas Prices Again
Enbridge (TSX: ENB) has announced that starting July 1st, it will start charging 27.9 ¢/m³ for supplying natural gas to its residential customers. The new rate is 17.5% cheaper than the current rate of 33.8 ¢/m³ and 32% cheaper than last winter. Note that the new rate includes an adjustment to refund customers because the utility collected more from its customers than the actual costs incurred. Without the adjustment, the new rate would have been 34.1 ¢/m³.
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moneysense.ca, 26/06/06
I have been watching the fixed-price supply contract prices all spring with the expectation that natural gas prices are going to skyrocket in the winter if we have a normal to cold winter. The price seems to be stuck at 38.4 cents for a 5 year contract. So with this little slice in the prices making a decision about what to do is even harder. I will probably lock in within the next month or so, before any big hurricane has a chance to cause a spike in the gas prices.
It would be useful to track the fixed-price contracts and compare them to the graph of the floating rate. Where do you get the quote for the contract?
go to http://www.energyshop.com
it lists all the fixed rate contracts for your area
James
I didn’t actually know about energyshop.com, thanks for that James. I was just looking at Rite Rate and Direct Energy (Rite Rate seems to always beat Direct Energy).
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