natural gas contracts

[alocispepraluger102]

i received a communication from my large natural gas supplier yesterday, informing that 1, 2, and 3 year contracts were no longer available and that my gas rates would be set on a month to month basis.

of course the rates will be low during the months when i use small quantities.

i was much more comfortable with the yearly rates, although they mave have cost me a bit of money. anyone have suggestions or opinions?

Edited March 19, 2007 by alocispepraluger102

[PHILLYQ]

With the way that prices have spiked and continue to fluctuate, it would be economic suicide for a company to offer anything like a long-term contract at a fixed price. I have oil heat, and my oil company barely avoided bankruptcy because they sold fixed rate contracts to customers and then oil prices increased dramatically. In this economic climate there's really nothing you can do but put another sweater on!

[alocispepraluger102]

With the way that prices have spiked and continue to fluctuate, it would be economic suicide for a company to offer anything like a long-term contract at a fixed price. I have oil heat, and my oil company barely avoided bankruptcy because they sold fixed rate contracts to customers and then oil prices increased dramatically. In this economic climate there's really nothing you can do but put another sweater on!

long term planning on the consumer end sucks, too. i try to have my gas bill paid in advance $500/$1000 to buffer it somewhat.

thanks! it just sounds like a way for them to gouge, but i am sure you are right.