Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Bigger Bills

According to the Organization for Economic Cooperation and Development (OECD), Canadians are amongst the highest per-capita energy users on the planet. Of course we have a few disadvantages including:

  1. COLD climate (brrr - what is that white stuff on the ground)
  2. BIG country (there will be no cycling to Saskatoon for a picnic this weekend)
  3. an energy intensive industrial base (trucks, tractors and trains)
  4. low energy prices
  5. high standard of living

Since I think energy prices are likely to head much higher I thought I'd share with you a hedging option that might be available to some of you. I live in Calgary, Alberta, Canada and utilities are now deregulated. That means we have some choice as to who we buy our natural gas and electricity from. I found out that one of the suppliers, ENMAX, lets you lock in your energy rates for 5 years. The premium for a 5 year fixed energy price contract is ~15% above than current prices.

August Rates