A fixed price for the transportation component for a specified period and volume, combined with a floating NYMEX price for the commodity component, which will settle on a monthly interval according to the New York Mercantile Exchange’s Natural Gas (NG) contract settlement price. An additional feature to this product is the allowance of a NYMEX trigger (the ability to lock-in the commodity price based on the current market, prior to the monthly settlement).
This product offers flexibility for customers looking to set below-market commodity price targets that may be possible over time, participate in possible declining markets, or accept the default price to align with a more-relative market trend. PPL EnergyPlus® will provide helpful insight into the markets to help set trigger objectives.