LAS Natural Gas Program Price Change Notice

October 21, 2019

The LAS price for the November 2019 - October 2020 period will be 9.4 cents/m3.
 
This rate represents a 11.3% commodity cost decrease for program members from the current rate of 10.6 cents/m3.
 
Looking ahead:
LAS has secured 50% of required natural gas volumes for the November 2020 - October 2021 program year, and we anticipate a program rate of 9.4 cents/m3 for this period.  The rate will not be finalized until September 2020, 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 21% of member requirements for the November 2021 program year.

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. New enrollment requests for the 2019/2020 term will be assessed for natural gas volume, and whether the usage can be accommodated within current program volume.   
 
Program Facts:

  • 170+ participating organizations
  • Daily program volume of 312,000 m3
  • $3.5 million in member rebates over past 2 program years

 If your organization would like to enroll any additional accounts in the program, please forward a recent bill copy by email to flazzaro@amo.on.ca.

Category
Commodity Program
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