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MXenergy to Offer 3-Year Fixed Price to Central Hudson
Gas Customers
Provides consumers with stability in volatile market
Stamford, CT, September 8, 2005 – Stamford-based
MXenergy today announced that it will provide natural
gas customers in the Central Hudson Gas & Electric
territory with something they could really use this
winter—certainty over the cost of heating their homes.
In fact, the rapidly growing marketer of natural gas
and electricity will do one better by providing consumers
with a fixed price for up to three years at a time when
energy prices continue to climb with no end in sight. "This offer can give peace of mind to consumers,"
said Jeff Mayer, MXenergy CEO. "We compare this
to the security of having a fixed-rate mortgage when
interest rates are so unpredictable and subject to change,"
he added. MXenergy's three-year rate is an opportunity
for consumers to "lock in" a price for natural
gas, thereby helping to reduce their risk during turbulent
times. Energy prices have been on the rise continually
over the past year. Central Hudson predicts that prices
on the "futures market" (the standard commodity
trading mechanism where energy is purchased for delivery
at some point in the future) are expected to be even
higher in early 2006 than they are now. |