You probably read the title of this posting and thought “DZ must be eating beans…” In reality, this posting is about the natural gas that many of us in Ohio use for heating our water and our homes. I was previously a Vectren Source “subscriber” as we attempted to avoid the volatility of natural gas prices throughout the year.
Since the time that gas supply has been deregulated, I’ve noticed that the suppliers seduce consumers in a fashion similar to the health insurance companies — i.e., they attract you with great introductory rates, and play switcheroo after the first year. Vectren was offering us to re-up for $1.27/ccf this year, which was far above the market spot prices. Thus, we’ve moved our source to IGS Energy for $0.99/ccf for the next 12 months.