Ping Ed and other natural gas folks

I can't remember if you are into the natural gas funds or not, but here
is some info for you if you are. An electric provider sales person
came by today (we get to choose our power company, from about 10 - 12
providers) and he was trying to get me to sign up their new plan. You
can lock in for 3 years with a guarantee drop in the price/kwH over the
next three years. While the price drop was not very large but it was
in the opposite direction of constantly moving up! The price drop is
not mandated from the PUC that I know of. All the time the salesman
was talking I kept thinking that this is the firmest information I have
heard that energy cost will be decreasing over this time period instead
of increasing. It would seem to me that natural gas will be going way
down in the not to distant future with this information. Electricity
is priced based on the price of natural gas for us, even if the company
uses mixed sourcing such as coal, nukes or whatever. If it was not in
their best interest to lock people in at a higher rate, they sure would
not do it.

Re: Ping Ed and other natural gas folks

>From what I've followed in the newspapers, you've got a state public
service regulatory comission that approves rates from energy providers.
Electricity as I see it with Duke and Progress Energy, are traditional
contingents of a coal base, chiefly, moreso than natural gas, although
as you mention it certainly would be in their best interest to make
what whatever competetive inroads are possible, including nuclear
power. They send out 'jobbers' to bid on natural gas, as are
commodities, although through the auspicies of an affiliate of power
buyers, such as smaller municipalities within an aggregate of agreed
protocols. Being a commodity, natural gas, I do not see how a
projected decrease is possible without significantly first raising the
bases above a thermal pricing unit to allow for any such certitude.
Either that or there's legislation presently not in effect or
environmental issues not at odds to a source available within that aim.

gander wrote:
> I can't remember if you are into the natural gas funds or not, but here
> is some info for you if you are. An electric provider sales person
> came by today (we get to choose our power company, from about 10 - 12
> providers) and he was trying to get me to sign up their new plan. You
> can lock in for 3 years with a guarantee drop in the price/kwH over the
> next three years. While the price drop was not very large but it was
> in the opposite direction of constantly moving up! The price drop is
> not mandated from the PUC that I know of. All the time the salesman
> was talking I kept thinking that this is the firmest information I have
> heard that energy cost will be decreasing over this time period instead
> of increasing. It would seem to me that natural gas will be going way
> down in the not to distant future with this information. Electricity
> is priced based on the price of natural gas for us, even if the company
> uses mixed sourcing such as coal, nukes or whatever. If it was not in
> their best interest to lock people in at a higher rate, they sure would
> not do it.

Re: Ping Ed and other natural gas folks

I agree and I get the same kind of offers. They go into the recycling bin.




"gander" <> wrote in message
news:
>I can't remember if you are into the natural gas funds or not, but here
> is some info for you if you are. An electric provider sales person
> came by today (we get to choose our power company, from about 10 - 12
> providers) and he was trying to get me to sign up their new plan. You
> can lock in for 3 years with a guarantee drop in the price/kwH over the
> next three years. While the price drop was not very large but it was
> in the opposite direction of constantly moving up! The price drop is
> not mandated from the PUC that I know of. All the time the salesman
> was talking I kept thinking that this is the firmest information I have
> heard that energy cost will be decreasing over this time period instead
> of increasing. It would seem to me that natural gas will be going way
> down in the not to distant future with this information. Electricity
> is priced based on the price of natural gas for us, even if the company
> uses mixed sourcing such as coal, nukes or whatever. If it was not in
> their best interest to lock people in at a higher rate, they sure would
> not do it.
>