Home › Forums › Energy Discussions › Natural Gas Supply Recommendations (2024 to 2028)?

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    • Paul
      Participant
      October 28, 2024 at 10:31 am
      Post count: 9
      #4580

      Hi OCAPPA Energy Community!

      I’m reaching out to see what other Ontario Colleges are doing with respect to supplying natural gas to their institutions for the next 4 years? Please see some of my questions I have below:

      1. Are you hedging any or all of your natural gas?

      A) If yes, how much and what are your rates?

      B) If not, why not?

      2. Do you see natural gas being volatile or stable for the next 4 to 5 years?

      3. Are you working with a natural gas advisory service company to help procure gas? If so, which one?

       

      Your responses to these questions are greatly appreciated.

      Here at Lambton, we’re trying to make an informed decision as to how to procure our gas for the next 4 years.

      Thanks!

      Paul Cochrane

      OCAPPA Energy Subcommittee Chair

      Lambton College

      • This topic was modified 3 weeks, 3 days ago by Paul.
    • Jelena.Vulovic-Basic@durhamcollege.ca
      Participant
      October 28, 2024 at 11:47 am
      Post count: 1
      #4582

      Yes, we are hedging and are working with Blackstone as our agent.

      Recently we have hedged more based on the analyses that the price may go up / market is volatile.
      Dawn, CAD/GJ:

      Nov24 to Oct25 – 30% of DCQ or 77 GJ/day @ $4.05/GJ

      Nov25 to Oct26 – 20% of DCQ or 52 GJ/day @ $4.665/GJ

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    • Spencerwood
      Participant
      October 28, 2024 at 3:52 pm
      Post count: 18
      #4586

      Humber is buying from Shell, who just told us they are getting out the direct to consumer market. So I need a new supplier / marketer after this winter.

      We tend to take on more risk than others, so we are not doing much hedging. I locked in transportation from AECO to Dawn at a fixed price, but am floating gas supply. This is based on watching the spot market price be much less than fixed for a while now, and I only need to get to April.

      It’s all gamble, who knows what to do? But I am expecting our gas consumption to drop dramatically over the next few years as we decarbonize, so perhaps the end is in sight, for gas at least…….

    • hsinnock
      Participant
      November 1, 2024 at 9:41 am
      Post count: 1
      #4595

      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.

      • This reply was modified 2 weeks, 6 days ago by hsinnock.
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