Crossroads Gas only offers floating gas rates and we’d like to explain why.
The structure of a member owned co-operative, like Crossroads Gas, is very different from the investor owned utilities that offer fixed rates over a contract term. We are a non-profit and its essential that we pass the “actual” floating market cost of natural gas directly on to our members.
When comparing fixed vs floating price options for natural gas it’s important to note that fixed prices have rarely been the most economical option over time. Fixed prices may become more competitive than market rates in the short term, but this trend typically reverses very quickly. We purchase our gas from a company called Gas Alberta Inc. and since 1998 they have saved co-operative customers across the province $89 million dollars by sticking to floating rates.
In the chart below you will see the actual cost of gas, which is what our customers are paying, compared to what the other retailers such as ATCO, Encor and Enmax are charging their customers on a 5 year fixed rate.
