ONG - natural gas rates - good or bad idea to lock in the rate

[SlugSlinger]

Another update:

 

[SlugSlinger]

Anyone watching gas prices besides me?

 

[BReeves]

Going to be a rough winter for those of us on propane if the NG prices remain high. May have to stay out of the shop this winter and only heat the house.

 

[DRC458]

I have not been watching them, but that rather surprises me. I just got my gas bill (ONG) and it is the smallest one I have seen in a long while!

 

[cktad]

I have not been watching them, but that rather surprises me. I just got my gas bill (ONG) and it is the smallest one I have seen in a long while!

Same with mine.

 

[HeyEng]

I am very new to the area and trying to figure out the cost of NG from ONG is an absolute pain in the arse. We moved here from Georgia where they "deregulated" NG a few years ago and all it did was add a middleman (the "gas marketer") and as you might guess raise prices accordingly. Nonetheless, determining cost was pretty darn easy as all the marketers had to provide the cost to the state and they were compiled monthly on a spreadsheet. We had a 2200 SF house with gas heat and water heater. Our cheapest NG bill was $36 (which was mainly what Oklahoma would call the delivery charge) and the average in the winter was $90-$125 (Nov-Mar). Almost everyone used a fixed price as the variable rates were much, MUCH higher.

At any rate, we are buying a house with NG water heater and cook range, the heat is geothermal HVAC so our basic cost shouldn't be too bad. Where it *could* get crazy is with the 400,000 BTU pool heater...so not so sure I will be using that.

What is the current rate (ballpark) per DTH (they use dekatherm, here, correct?)

 

[SoonerP226]

According to my October bill, the cost was $4.054/dth.

 

[Mad Professor]

What is the current rate (ballpark) per DTH (they use dekatherm, here, correct?)

My most recent bill (10 days ago) was $3.186 per DTH. But, it has mostly been in the 4.00 +-.1 this year.

 

[SlugSlinger]

Same here. 4.054 per dth from 9.27-10.26

However, the average Henry Hub price for October is $3.23/Dth. So ONG ads about 82.4 cents per Dth to the Henry Hub spot price. Supposedly, this is the cost that they pay for the gas with the marketing costs included.

 

[Mad Professor]

According to my October bill, the cost was $4.054/dth.

Mine was $4.054 the previous, but this one is the most recent.