Commodity Pricing Options

Explaining the Energy Charge

There are two types of charges on your Maine Natural Gas (MNG) Bill; “delivery charge” and “energy charge”.  For more information on the delivery charge please see rates and tariff page.

Maine Natural Gas offers two pricing options for the natural gas we supply to you, detailed below. This reflects the cost for MNG to purchase natural gas on your behalf itemized on your bill as the Energy Charge. Energy Charges are a direct pass along to the customer and reflect the purchase price that MNG paid.

If you have any questions, please call us at 877.226.7427

 

Fixed Price Option (FPO):

For customers who elect to have the Fixed Price Option (FPO) they will pay a consistent gas supply price for twelve months which will take effect Sept.1 of each year. This option balances out seasonal peaks and valleys in the price of natural gas. Customers may prefer the FPO if they are sensitive to higher prices during the heating season, and use relatively little natural gas during the rest of the year.
Customers who prefer the FPO must sign up during the enrollment period.*

 

Index Price Option (IPO):

For all customers who do not select FPO this will be their default supply price. The IPO is based off market pricing, which tends to rise during the heating season and fall during non-heating months. The IPO pricing is adjusted each month based on changes in the commodity price of natural gas and is calculated based on the New York Mercantile Exchange (NYMEX) closing settlement prices.

 

IPO & FPO Historical Pricing from 2005 through 2019 can be viewed by clicking here.

 

Current IPO

The IPO for August 2019 is $0.4827

Current FPO

Effective September 1, 2018 the FPO rate for one year will be $1.0387

 

*Customers can select the FPO to “lock-in” the commodity rate component during August for a one-year term.

 

2019 FPO Information

The 2019 FPO Open Enrollment Period is OPEN until August 27th at 12pm EST

We provided the FPO estimated rate every weekday in the table below. The estimates are based on the previous business day’s Settlement Prices as traded at the New York Mercantile Exchange (NYMEX). The estimates are made available to help you make the decision whether to lock in for an FPO term or continue with Index Price Option (IPO).  If you are interested in the IPO, your account will remain on the IPO unless you lock in.  If you are currently on the FPO, your account will revert to IPO automatically unless you contact us to enroll in this years FPO. 

 

FPO LOCK IN FORM

 

2019 FPO enrollment will begin August 1 2019

FPO Daily Estimated Rates as traded at NYMEX

The 2019 Fixed Price Option Open Enrollment Period is OPEN until August 27th at 12pm EST

The FPO daily estimated price provided below will not be your Fixed Price rate

Date 12 Month
8/1/2019 $0.7470
8/2/2019 $0.7469
8/5/2019 $0.6759
8/6/2019 $0.6718
8/7/2019 $.06816
8/8/2019 $0.6815
8/9/2019 $0.6821
8/12/2019 $0.6816
8/13/2019 $0.6700
8/14/2019 $0.6702
8/15/2019 $0.6702
8/16/2019 $0.6703
8/19/2019 $0.6752
8/20/2019 $0.6673
8/21/2019 $0.6673
8/22/2019 $0.6673
8/23/2019 $0.6672
8/26/2019  
8/27/2019  

 

FAQs

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