Capped Price Option
This option guarantees your Gas Commodity charge will not exceed a pre-set amount for each therm you use for one full year, regardless of how high market prices rise. Each month, your Commodity charge will reflect either your Capped Price or the market price - whichever is lower. Your Commodity charge may fluctuate below the cap, but you'll be secure knowing it will never exceed the cap level you signed up for. Your Gas Commodity charge does not include your Gas Delivery charge, or other Gas Supply charges such as Interstate Transportation and Storage charges - these are shown separately on your bill.
There is a service fee with this option.
Calculations below show how the PPS Capped Price Option works:
Capped Price Option Example: Capped Price = $1.20/therm;
Residential Capped Price Service Fee = $9.99
Commercial Capped Price Service Fee = $0.12/therm
Month A: Current GCA Price = $1.30/therm
Your Capped Price Commodity Charge would be used to calculate your gas commodity charge. Assuming you use 100 therms of gas, your Commodity charge would be:
(100 therms x $1.20) = $120.00
Month B: Current GCA Price = $1.00/therm
The current GCA Price would be used to calculate your Commodity charges. Assuming you use 100 therms of gas, your Commodity charge would be:
(100 therms x $1.00) = $100.00
Your additional PPS Capped Monthly Service Fee would be a fixed charge of $9.99, if you are a residential customer.
Your additional PPS Capped Monthly Service Fee would be calculated as follows, if you are a commercial customer:
(100 therms x $0.12) = $12.00
Remember – Your Gas Delivery and other Gas Supply charges will still be billed separately, whether or not you choose PPS. The values used in the Example Calculations above are for demonstration purposes only, and do not reflect current PPS Capped option pricing and fees.