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Published byAsher McDowell Modified over 8 years ago
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MODULE 11 NYMEX
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NYMEX HISTORICAL RATES The NYMEX provides utility pricing for customers who have not chosen a supplier. The utility pricing listed on the NYMEX is intended to give you the rate for the average customer. A couple of reasons a customer’s price may be different is if the customer heats with electric, is small commercial, or is a commercial & industrial account. These factors will drive the customer’s price with the utility down because their usage is much higher than average. The NYMEX is particularly useful in providing a comparison between utility and supplier pricing. For example, when talking to a customer for Duke Energy, you may tell the customer the utility price has trended up over the past 6 months and enrolling in a fixed rate will provide them with more stability.
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NYMEX HISTORICAL RATES GUIDE
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PUTTING THE DETAILS INTO A CONVERSATION
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STOP AND THINK… What is the NYMEX?
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STOP AND THINK… When would you use the NYMEX?
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STOP AND THINK… If you are speaking with a customer from Duke Energy and they’re on the fence about enrolling, how would the NYMEX help you paint an apples to apples comparison?
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STOP AND THINK… How would you use the NYMEX and how does it help you?
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STOP AND THINK… Will you use the NYMEX on every call?
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STOP AND THINK… A COH Customer calls in who is considering enrolling with a Supplier for the Winter. Our current rate is higher than the COH Utility rate. How do you respond to the Customer in order to provide a side-by-side price comparison while outlining the benefits and value of choosing IGS Energy?
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