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Over the past several weeks, basis in parts of the Northeast has moved fast enough to have an effect on dealers, even the ones that hedged NYMEX exposure correctly. CEMA members have said this has left them exposed to mid-day price changes at the rack when they had already negotiated prices for will-call customers or had been given a price for their LIHEAP customers. When they were unable to make the price change with customers, retailers have even had to "eat" the price increase themselves.
This webinar explains what actually happened, why it happens, and what dealers can do about it without chasing noise. The focus is practical risk management: how price programs (cap, fixed, budget) stay credible for customers and still protect dealer profitability when local differentials blow out. Attendees will leave with a clear framework for evaluating basis exposure, stress-testing program margins, and understanding the menu of solutions available. |
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