Commodity Pricing Options
The IPO for October 2018 is $0.6054
The IPO commodity charge will change each month, either up or down, and is calculated based on the New York Mercantile Exchange (NYMEX) closing settlement prices. Essentially, the IPO allows you float with the market price for gas each month.
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. Customers who select the FPO will be charged the same monthly commodity price for gas used until the one year term expires.
The 2018 final FPO price was calculated based on the NYMEX Settlement Price on August 29, 2018. Those who had elected to lock-in were notified by mail of the final FPO price the week of September 4, 2018.
2018 FPO Information
The 2018 FPO Open Enrollment Period is closed.
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.
2017 UPDATE: MNG’s Tariff no longer provides a three-day grace period for residential customers to select the FPO after September 1, and all new customers after the FPO enrollment period will not have the option of selecting the FPO pricing. All FPO selections must happen within the enrollment period.
2019 FPO enrollment will begin August 1 2019
FPO Daily Estimated Rates as traded at NYMEX
The 2018 Fixed Price Option Open Enrollment Period is closed
The FPO daily estimated price provided below will not be your Fixed Price rate