LAS Announces Natural Gas Price for Upcoming Program Year

Posted: October 25, 2017
Tagged As: Energy, Energy Bills, Energy Planning, Natural Gas

Earlier this week LAS announced the Natural Gas price for the upcoming program year beginning November 1, 2017.  The LAS price for the period of November 1, 2017 - October 31, 2018 will be 11.9 cents/m3.  This represents a 7.75% commodity cost decrease for program members from the current 12.9 cents/m3.

Looking Ahead

LAS has secured 72% of required natural gas volumes for the November 1, 2018 - October 31, 2019 program year, and we anticipate a program rate of ~11.0 - 11.5 cents/m3 for this period. The rate will not be finalized until the Fall of 2018, but this information can assist with preliminary budgeting.

LAS' strategy for natural gas continues to be established with a view towards annual cost predictability. To ensure this, the LAS Program operates within a four-year purchasing window. LAS has competitive targets in place for future years, and has already purchased 54% of member requirements for the November 2019 program year, and 31% of requirements for the November 2020 period.

LAS always leaves a portion of the total annual program volume to settle at spot market rates, which allows members to benefit from largely competitive spot market prices.

Program Facts

  • 170+ participating organizations
  • Daily program volume of 295,000 m3
  • $2 million in member rebates over past 2 program years

Comments
Blog post currently doesn't have any comments.
 Security code