Gas - What is a good Nymex Plus basis

[Howard]

I was talking to a supplier today and they were offering a one year contract based on the Nymex price plus a basis of 26-27 cents per therm. Thus, if the Nymex price was 70 cents I would be charged 96-97 cents a therm. This does not include my local utility transport charge. My question is, for those of you that buy gas on the basis of Nymex plus, what is a good basis - does this seem good for the North East?

[Jefflange]

Cleancloths,
I would just stick with your local gas supplier (PSE&G) and go on the roller coaster of gas prices. All those Energy Marketers seem kinda of shady..

[Spin_City]

I haven't spent as much time on this as I should, but I did have a few energy marketers calling day after day, asking for me to send them copies of my utility bills. After I sent them, they never contacted me again! I called them, and they promised to send something out, but never did. I called one guy again on his cell phone, and he told me that he quit that job, because the company would never send out contract proposals. I called the company directly and told them the whole story. They promised to send out a proposal again, and never did. So I gave up for now. Maybe I'll try again when I get some more time.

But I agree with you Jeff, seems like there are a lot of shady characters in the energy marketing business. Has anyone out there had a good experience with these guys?

[Jefflange]

CLeancloths,
What have you decided to do? If you are dealin with a gas marketer read all the fine print in you contract.

[njk5298]

if you can lock at 96 cents that is great considering where the price was when gas skyrocketted you raised you prices so the way i see it more profits when i locked in my local was charging me 1.55 a therm i locked in at a much lower price so i was golden just raised prices so the profits where better and if the gas goes up again i will raise my prices and the profits will be even better. Worst case scenario even if the gas does come down back to 40or 50 cents a therm they can blend and extend but if the gas come down that far are you really gonna lower your prices.??????????????????

Not me