Nstar fixed gas price

[duffless2323.livejournal.com]

So I got a letter from Nstar offering me, for a limited time, to lock in a gas rate of 0.9999 per therm from November -April 30. If I lock in this price, if rates go up, I win, if rates go down I lose, there is no opting out early.

Currently gas rates are 0.9799 per therm. I looked at my September bill and it was .87260 per therm.

I assume other people got this offer, I've never locked in gas prices before. I have a small/medium sized 1 bedroom. My cooking and heat are gas.

Any advice/thoughts?

Comments

Re: I'd pass

[mattdm.livejournal.com]

I don't think so. See this article from last year:

http://www.boston.com/business/articles/2006/08/23/pilot_program/

Where, by the way, they mention that if they'd had the option the year before that, the average customer would have paid $178 more under the fixed plan.

But they do also mention that any extra that people pay will be "returned to all of the utility's customers the following year" -- in other words, they're not taking it as profit but rather using the extra money to reduce everyone else's cost.