But how much money did it actually cost you? The rate looks very bad up front, but unless your gas usage is in an industrial setting it's not a lot of money.After feeling like I got completely hosed on the lock in last year, I'm not so excited about it, but 4.36 is certainly much better...
I had my mom lock in and she's also on monthly averaging. When that polar vortex hit I was scared she was going to get hit with a $500-$600 bill because her whole house standby generator ran for 9 days straight on NG. This was before I knew she was on monthly averaging. In the end her bill increased only a few bucks. I figured up the generator gas usage for those days at that rate and it was only like $150. Yes, they are nice to have and for her it was almost a must have as she was in the middle of chemo/radiation therapy, but they do use a lot of fuel. In the end it wasn't a lot of cash outlay for her.
Meanwhile my sister in her total electric house lived on a portable and a lot of gasoline because she had no service at all. She has gas service available and she's regretting that new heat pump now instead of paying a plumber to run a line and have ONG come in and set a meter. NG is still the best deal on energy by far.
ETA: As far as the rate lock, I look at it as insurance. It may cost you a few bucks, but if something happens it's going to save you $$$