What is the Best Term Gas Deal for Summer?
Natural gas rates are high right now. But not all of us in Georgia can afford to wait for rates to possibly drop down the line. So, what’s the best move for those who need a new natural gas deal? A short term will set you up for shopping fall shoulder months. However, some 24 month long term plans are currently cheaper than 12 month plans. Locking in one of these plans could be a good move. But are long term plans really the best deal right now? Let’s compare natural gas offers and find out.
Short Term Natural Gas Deal Options
With high per therm rates and low natural gas use in summer, short term plans could be the best bet. A shorter term plan also sets you up to shop for fixed rates in the fall shoulder months. Even a plan that leaves you with a month of variable rates may be ok considering natural gas use is usually very low in summer. So, let’s look at a few of your short term options.
The Georgia Natural Gas® Market Intro has a $0.399 per therm rate. It’s an intro plan that gives you two months of the intro rate before going up to their standard variable rate. Furthermore, the monthly charge is $0.
The Georgia Natural Gas® 6 Month Fixed has a $0.749 per therm rate. It’s a much higher rate than the intro, but will keep you at a fixed rate until fall. The monthly charge is $6.99-$7.99 and the ETF is $50.
Long Term Natural Gas Choices for Georgia
Interestingly, a few 24 month natural gas plans are cheaper than 12 month plans this July. Although the EIA just lowered their natural gas price projections, prices still look like they are trending up this winter. Therefore, snagging one of these plans might save you more down the line. So, let’s look at two cheap 24 month natural gas plans.
The Constellation 24 Month Home Natural Gas Plan is $0.639 per therm. This rate is about 10¢ cheaper than the 12 month plan. The monthly charge is $7.95 and the ETF is $150.
The Scana Energy 24 Month plan is $0.699 per therm. This is about 20¢ cheaper than the 12 month plan. The monthly charge is $6.95 and the ETF is $250.
With short term energy outlooks from the EIA predicting higher prices next quarter and into next year, I would put my money on a long term plan. The Constellation 24 Month Home Natural Gas Plan offers a solid rate. Plus, it also has the lower ETF, in case you need to leave the plan before the 2 year term ends.
It’s likely that extreme weather events this summer and winter will affect natural gas rates. And with financial uncertainty lurking in the economy, getting a fixed rate for a long term seems the smarter choice. Get your best natural gas plan now at https://www.georgiagassavings.com.