Reply To: Natural Gas Supply Recommendations (2024 to 2028)?

1. Are you hedging any or all of your natural gas?
Yes, we’re hedging about 25% for the coming winter. Similar to Spencer, I’m not overly concerned about what price fluctuations will hit for the bulk of the winter months. Sometimes it’s nice to have a bit of buffer when we get polar vortex events or market weirdness.
A) If yes, how much and what are your rates?
Just under $4/GJ
2. Do you see natural gas being volatile or stable for the next 4 to 5 years?
I think relatively stable, but costs escalating because of carbon pricing (if current politics prevail) and fundamentals such as increased use of NG on the electrical grid, exports of LNG to the EU and Asia, and a thriving economy.
3. Are you working with a natural gas advisory service company to help procure gas? If so, which one?
We’ve worked with Jupiter for over a decade. They’ve been great.