LAS Natural Gas Program Price Change Notice

November 02, 2020

The LAS price for the November 2020 - October 2021 period will be 10.1 cents/ m3.

This rate represents a 7.4% commodity cost increase for program members from the current rate of 10.6 cents/ m3.

Looking ahead:

LAS has secured 45% of required natural gas volumes for the November 2021 - October 2022 program year, and we anticipate a program rate of 9.3 cents/m3 for this period.  The rate will not be finalized until September 2021, 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 22% of member requirements for the November 2022 program year, as well as 9% of member requirements for the November 2023 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 2020/2019 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 298,000 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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