Enrollment starts Aug. 15
LINCOLN, Neb., Aug. 10, 2018 — Imagine getting an offer to pay the same price per gallon of gasoline for a year every time you filled up your tank. No matter how much oil prices changed, you’d pay the same amount for that gallon of gasoline.
Black Hills Energy is offering select customers in eastern Nebraska a similar opportunity through their Annual Price Option program. Through the program, customers can lock in the per-therm price of natural gas for one year.
Residential customers can enroll in the Annual Price Option beginning Aug. 15 at www.annualpriceoption.com or by calling 800-753-7509 between 8 a.m. and 7:30 p.m. Monday through Friday. Enrollment ends Oct. 6 or when 9,500 customers have enrolled. The locked-in commodity price will be in effect from Nov. 1, 2018, through Oct. 31, 2019.
“APO is great for customers who like knowing what their natural gas commodity price will be for a whole year,”
“APO is great for customers who like knowing what their natural gas commodity price will be for a whole year,” said Kevin Jarosz, Black Hills Energy’s business operations director. “Just like any commodity, demand influences the market price for natural gas. By signing up for APO, you’ll know what price you’ll pay, regardless of what the market does”.
Customers’ bills can still change, based on the weather, how much natural gas they use, the efficiency of their natural gas appliances as well as their home’s insulation rating.
APO isn’t available to former SourceGas customers. These customers will again get the chance to enroll in the Choice Gas program.
Customers who don’t want to participate in APO will continue to be billed using our traditional portfolio rate. The price of traditional billing will fluctuate with market conditions.
Customers who enroll in APO can also choose to sign up for Budget Billing. This option gives customers a stabilized monthly billing, which helps can help them avoid spikes during the peak of heating season.
The 2018 APO Price per therm is $0.43037, slightly lower than the 2017 price of $0.44751.*
* In addition to the actual natural gas supply cost, all customer bills include Black Hills Energy’s basic monthly charge and delivery charge (identified as “Base Rate” on the monthly Black Hills Energy bill of $0.195 per therm of natural gas), and other fees and taxes approved by the Nebraska Public Service Commission. The commodity portion of the bill is subject to the annual Gas Cost Reconciliation (identified on the Black Hills Energy monthly bill as “GCR”) per-therm charge.