EMC's Energy Buying Group supply team is continuously monitoring both Electricity and Natural Gas markets. We have identified several opportunities for Ontario manufacturers to achieve better energy pricing and today have released updated target rates for members participating in the program... representing significant opportunities for cost savings!
I trust everyone is enjoying the summer weather! Due to the relatively mild weather we have experienced these past few weeks, we have seen Natural Gas term prices decrease substantially (with electricity prices responding accordingly) and EMC's Energy Buying Group supply team has today issued reduced target prices.
We continuously monitor both natural gas and electricity markets to identify opportunities for manufacturers to capture rates we believe will be beneficial. The current future term price for the November 2013 to October 2014 term is at the lowest level since April 2012. This has also resulted in revised lower target prices for Electricity as well and represents very good value for EMC Energy Group members.
We are encouraging members to target your current volume as listed below:
Nov 2013 to Oct 2014:
Fix: 50% of current volume - At or below $3.20/GJ - on-bill price - $.15/m3
Nov 2014 to Oct 2015:
Fix: 25% of current volume - At or below $3.45/GJ - on-bill price - $.162/m3
Target: 25% of current volume - At or below $3.25/GJ - on-bill price - $.153/m3
Nov 2015 to Oct 2016:
Fix: 25% of current volume - At or below $3.60/GJ - on-bill price - $.167/m3
Target: 25% of current volume - At or below $3.40/GJ - on-bill price - $.161/m3
Remainder of Calendar 2013:
EMC'S Managed Variable Program Rate
Fix: 50% of current Hedge volume - At or below $.034/kWh Peak Hedge (5X16)
Estimated annual on-bill price - $.031/kWh
Target: 50% of current hedge volume - At or below $.032/kWh Peak Hedge (5X16)
Estimated annual on-bill price - $.0295/KWh
Fix: 50% of current Hedge volume - At or below $.036/kWh Peak Hedge (5X16)
Estimated annual on-bill price - $.032/kWh
Target: 50% of current hedge volume - At or below $.033/kWh Peak Hedge (5X16)
Estimated annual on-bill price - $.030/KWh
With the EMC Energy Group each member has the flexibility of choosing from the above options… either targeting individual periods or a combination, depending on the specific strategy that best suits your needs. These options are fully customizable.
Should you wish to take advantage of this time sensitive opportunity or if you would like more details, please contact Margaret Harrison, Gillian Pollock or myself or e-mail the EMC's Energy group (firstname.lastname@example.org) ASAP to review your program objectives.
Cheers from EMC!
Excellence in Manufacturing Consortium (EMC) is a unique non-profit organization dedicated to helping manufacturers GROW and become MORE COMPETITIVE, at home and around the world. The EMC Energy Buying Group program is designed and implemented for member manufacturers throughout Ontario and is helping to generate signficant cost savings and increased access to energy subject-matter-expertise.