(no subject)

Has anyone had experience with price fixing plans for gas suppliers? We just a Direct Energy man come to the door to try and encourage us to sign on. The general idea is that right now, we pay a varaible rate for gas. If it's 25 cents per cubic metre, 30, 35, 50, whatever, that's what we pay. What they are pushing is that we can get a fixed price of 30.9 cents for the next 5 years, or 31.9 cents this year, and a guaranteed decline of 1 cent per year (30.9 cents, then 29.9, etc...), again, for 5 years. It breaks even after 3, and then gets to be a bit better. Or of course we can choose to stick at the stock variable rate and take our chances.

Is this a sell job, or does it have merit? If gas prices do in fact keep going up, then it at least will be a modest savings, but of course if they come down (however unlikely), we are locked at the higher rate.