PriceCap offers both protection and flexibility. Your company is protected in the event natural gas prices rise with a guaranteed maximum price per therm and also has the flexibility of paying less per therm if market prices decrease.
With PriceCap, your price per therm is set at the guaranteed maximum price, unless natural gas prices go down, in which case you will pay the lower rate. Each month, the price per therm is based on a published natural gas market price, plus a set amount per therm. If that price is higher than your guaranteed price, you pay the guaranteed price. If it is lower, you pay the lower amount! You never pay more for your natural gas than the guaranteed price, no matter how high natural gas prices may go. The plan includes a monthly administrative fee.
By choosing the PriceCap plan, you’ll be enrolling your company in the Choice program. Nicor Advanced Energy will supply your company’s gas, and the gas utility will continue to deliver your company’s gas, read your company’s meter, and respond to any gas leaks. Click here to view our terms in the Nicor Gas territory. Click here to view our terms in the Peoples Gas & North Shore Gas territories.