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The Water Cooler
General Discussion
ONG Rate Lock-In period - 2023
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<blockquote data-quote="Shadowrider" data-source="post: 4123217" data-attributes="member: 3099"><p>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.</p><p></p><p>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. </p><p></p><p>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.</p><p></p><p>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 $$$</p></blockquote><p></p>
[QUOTE="Shadowrider, post: 4123217, member: 3099"] But how much money did it actually cost you? The rate looks very bad up front, but unless your gas usage is in an industrial setting it's not a lot of money. I had my mom lock in and she's also on monthly averaging. When that polar vortex hit I was scared she was going to get hit with a $500-$600 bill because her whole house standby generator ran for 9 days straight on NG. This was before I knew she was on monthly averaging. In the end her bill increased only a few bucks. I figured up the generator gas usage for those days at that rate and it was only like $150. Yes, they are nice to have and for her it was almost a must have as she was in the middle of chemo/radiation therapy, but they do use a lot of fuel. In the end it wasn't a lot of cash outlay for her. Meanwhile my sister in her total electric house lived on a portable and a lot of gasoline because she had no service at all. She has gas service available and she's regretting that new heat pump now instead of paying a plumber to run a line and have ONG come in and set a meter. NG is still the best deal on energy by far. ETA: As far as the rate lock, I look at it as insurance. It may cost you a few bucks, but if something happens it's going to save you $$$ [/QUOTE]
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ONG Rate Lock-In period - 2023
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