NYSEG natural gas supply prices 8.9% higher in March

NYSEG posted March rates for natural gas supplies in its service territories. In the Binghamton region, the supply price went to 99.18 cents per therm, up 8.9 percent from the February price. That doesn't include the 3.71 cents per therm price for the merchant function charge, a levy that the regulatory agency allows NYSEG to charge to cover the cost of securing supply.

NYSEG customers can shop for natural gas supplies, though the deals are few and far between. Customers who select an alternative supplier will avoid the 3.71 cents per therm merchant function charge. Customers are going to pay a steep premium for fixed-rates on natural gas supplies as suppliers seek to hedge against the possibility of a price spike.