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Mirabito is an active participant in the natural gas revolution that is occurring in the Northeast. Mirabito Power & Gas, LLC is a licensed Energy Services Company in New York State. We provide clean burning natural gas supply throughout upstate New York including the Southern Tier, central and western New York, and the Capital region. Our focus on upstate New York allows us to better meet the needs of local customers through strong local market knowledge and supply relationships. Mirabito Power & Gas can provide you immediate information on pricing, products and market outlooks. Our decades of experience in deregulated energy and in-depth analysis of commodity markets in New York make Mirabito the best choice for your natural gas needs.
In addition to direct natural gas supply, Mirabito Energy Products can also assist with your electricity needs. Mirabito Energy Products has established select relationships with the most reputable suppliers of electricity in the Northeast and has a thorough understanding of the deregulated electricity markets. We can assist you in your electricity decisions and provide you with a wide array of options and supply arrangements. Let us shop the market for you to help you determine what works best for your individual needs.
New York State underwent extensive energy deregulation for both natural gas and electricity during the 1990s.
Prior to deregulation, the NY Public Service Commission was responsible to regulate the rates produced by utility companies. These rates were called “bundled” rates because the utility “bundled” together all their expected costs for commodity, delivering the commodity and maintaining their distribution systems. At that time most utilities also owned generation plants and long term pipeline contracts — so the cost of operating and maintaining those assets was also included in the bundled rates.
The bundled rate structure made it impossible (or at least very difficult) to determine what the actual cost of the commodity itself was. This rate structure proved to be difficult to regulate and rates seemed to continually increase regardless of the cost of commodity.
Deregulation required that utilities “unbundle” their rates. Essentially, each utility was required to separate the costs for the commodity itself from the costs for delivery of the commodity. Also during that same period:
- New York deregulated the electric generation system requiring that utilities divest their power plants.
- The federal government “unbundled” pipeline company rates such that all market participants could gain equal access to the nation’s gas pipeline infrastructure.
Deregulation of supply and unbundling of supply rates allowed independent commodity suppliers to compete with each other and with the local utilities to establish market prices for energy. Utilities remain under regulation by the PSC for their delivery rates. And the utility still delivers to end users the deregulated supply brought into their distribution systems by competitive suppliers.
Under the Fixed–Full Requirements rate, you’ll negotiate a fixed price and term that meets your needs. You will pay only that fixed price for all gas consumed under normal conditions. Regardless of market pricing, Full Requirements fixed pricing doesn’t change over the course of your term giving you budget certainty. Since your price doesn’t change over the course of the contract, this is the preferred plan of those looking to stick to a budget.
The index rate plan offers pricing based on the national standard NYMEX Henry Hub natural gas contract. Index products allow you to lock in the transportation portion of your price while leaving the commodity portion floating to take advantage of future changes in commodity pricing. The commodity price is established each month using the last day NYMEX settlement price. Your price will fluctuate month to month over the contracted period based upon the NYMEX Henry Hub settlement price.
Blended pricing allows you to enjoy the stability of fixed pricing for a portion of your load that you elect while allowing the remainder of your load to move with the market. The variable portion can either to be fixed at a later date or continue to follow the market at your discretion.
Blend & Extend
Blend and extend is the perfect product for those who have time left on their current contract, but would like to take advantage of low forward commodity prices. Blend and Extend allows you to take advantage of favorable market conditions now to lower your current price and extend your contract term.
The market plan offers supply pricing based on short term natural gas prices. Pricing will change month to month, and there is no fixed contract length, giving you the option to switch to another Mirabito Power & Gas pricing option at any time. Mirabito market rates are competitive and are a true reflection of short term markets prices.
Compressed Natural Gas
Mirabito partnered with Trillium CNG, Inc. to bring the first publicly available CNG station to the Binghamton area.
CNG is typically metered and sold in “Gas Gallon Equivalents” to more readily compare it to the cost of other fuels. CNG must be compressed at special facilities capable of achieving gas pressures exceeding 3,000 psi. The cost to compress natural gas makes up about two-thirds of the cost of a gallon CNG.
Mirabito is continuously monitoring market supply costs and routinely helps businesses evaluate whether CNG is an economically viable alternative to other fuels.
Natural gas can be compressed, stored, and transported for use as:
- A vehicle fuel in specially equipped cars and trucks
- A heating or processing fuel in large commercial applications where pipeline gas is not available