Locking in Natural Gas Price
On Tue, 18 Nov 2008 23:39:35 -0500, frank1492
wrote:
I live in Massachusetts and my natural gas is
supplied by Nstar. I have been given the option to lock in
my gas price for this heating season at $1.2624 per therm.
It is also noted that, as of Nov.6, the gas supply charge
"for the winter" is $1.2424.
Is this a good idea do you think? I will need to guess
whether gas prices will go up in the NE. I do know that
the NE is expected to be colder than normal this year.
Your ideas would be much appreciated!
Thank you.
Frank
No one knows and whoever thinks is just speculating. Utility
companies who set these options up are more likely to make more money
than lose, else they would not do it.
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