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re: ENTERGY: Anyone else being ripped off this month by them?
Posted on 2/11/22 at 9:55 am to LSUFAITHFUL
Posted on 2/11/22 at 9:55 am to LSUFAITHFUL
quote:
Utility companies (electric and gas providers) can enter into fixed price long term contacts with gas marketers, but they don’t. Even after last year, they didn’t learn their lesson. Their natural gas supply contracts remain unhedged. When they enter into contracts for gas based on index prices (which is how they choose to contract) they get the benefit of low gas prices for the majority of the time, but when there is an emergency that impacts supply and demand and prices sky rocket, it screws their customers. Then the utility company points the finger at natural gas marketers like they are the bad guys.
If you’re under the impression Entergy LA doesn’t have natural gas hedges, then you are wrong.
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