Hi, Guest
01-27-2006, 11:40 AM
I'll just chime in here on the subject of fixed rate contracts.
Frankly the only way that a fixed rate contract ever works out for you is if you're buying a hell of a lot of gas over the term & unforseen price spikes occur.
I'm on the board of directors for my condo now and we're set to negotiate our gas purchases for the next three years as part of a purchasing group headed by our property mangement firm (Brookfield Property Management) the fixed rate we had for a good portion of our purchases was excellent on a m^3 basis but when the group finally exhausted the set price amount we got nailed by having to buy on the spot market (How does 40cents/m^3 grab you for a recent post hurricane season purchase? <_< )
NefCanuck
Frankly the only way that a fixed rate contract ever works out for you is if you're buying a hell of a lot of gas over the term & unforseen price spikes occur.
I'm on the board of directors for my condo now and we're set to negotiate our gas purchases for the next three years as part of a purchasing group headed by our property mangement firm (Brookfield Property Management) the fixed rate we had for a good portion of our purchases was excellent on a m^3 basis but when the group finally exhausted the set price amount we got nailed by having to buy on the spot market (How does 40cents/m^3 grab you for a recent post hurricane season purchase? <_< )
NefCanuck