Customers have the opportunity to choose between two commodity price options: monthly Index Price Option (IPO) or a term of one or two-year Fixed Price Option (FPO).
The IPO for May 2013 is $0.6311.
The IPO commodity charge will change each month, either up or down, and is calculated based on the New York Mercantile Exchange (NYMEX) closing settlement prices. Essentially, the IPO allows you float with the market price for gas each month.
Effective September 1, 2012 the FPO rate for one year will be $0.5950
The final FPO price was calculated based on the NYMEX Settlement Price on August 29, 2012. Those who have elected to lock-in will also be notified by mail of the final FPO price.
Customers can select the FPO to “lock-in” the commodity rate component during August for a one or two-year term. Customers who select the FPO will be charged the same monthly commodity price for gas used until the one or two-year term expires.
The 2013 FPO Open Enrollment Period will begin August 1, 2013.
FPO Daily Estimated Rates
|Date||12 Month||24 Month|