Just Energy is just bad

[JayS]

@Scott

There’s definitely a risk when taking a fixed position. It’s really not about beating the market, more so securing a price so you can get a handle on your bills and avoid any market spikes. On the offhand, you can lock in at a good rate, and then the market tanks and youre stuck - so pitching it as a way to beat the market isn’t ideal.

That being said, NOCO (where I work) has a fixed residential rate of 0.487 per ccf for 12 months. As mentioned by Beck, the market price in November was 0.461 and the going rate in December (with NOCO) is 0.52.

Looking at your rates really quickly, you have a rough estimate average of about 0.60 per ccf last year, so a fixed of 0.487 would be an improvement - but hindsight is 20/20.

Just something to think about.

Wow, that’s a really good fixed rate. How long has their lock in rate been set at .48?

I doubt anyone locking in at .48 is going to lose much money because rates drop below that but with the oil market crashing and how that will spin off to the energy market as a whole who knows where gas prices will be 6 months from now.

[Scott]

@JayS

Wow, that’s a really good fixed rate. How long has their lock in rate been set at .48?

I doubt anyone locking in at .48 is going to lose much money because rates drop below that but with the oil market crashing and how that will spin off to the energy market as a whole who knows where gas prices will be 6 months from now.

The fixed rate has been 0.487 since November I believe. They may adjust the fixed rate in January. I was on a 0.557 fixed last year and did well, and renewed just last week at the 0.487. I can’t argue with you about what may happen to the market, so I was just looking for some price security. If you want to talk shop, shoot me an email: switter@noco.com

[Mankthetank19]

Here is my billing from National Fuel

[JayS]

@Scott

The fixed rate has been 0.487 since November I believe. They may adjust the fixed rate in January. I was on a 0.557 fixed last year and did well, and renewed just last week at the 0.487. I can’t argue with you about what may happen to the market, so I was just looking for some price security. If you want to talk shop, shoot me an email: switter@noco.com

I have to say I’m tempted to lock in at this rate. With oil’s crash and US natural gas exports set to pick up in 2015 I’m just not sure which way the market is going to go. Probably dumb not to lock in because the chances of it dropping significantly from this current price are a lot smaller than the chances of it going up significantly.

[jay_g]

I’m with ECA. Ive saved $32.61 over the last year.