Locking in gas price

They obviously think they'll make money by guaranteeing that rate, so...

It's a gamble, but just like mortgages it's generally better to take the floating (variable) rate in the long term.

All the contracts I ever read for natural gas contracts had a clause indicating they can cancel the contract at any time.

They are in the business to make money. One of those companies signed me up illegally, so I am biased and think they are all the scum of the world. Had to get the ombudsman involved to "void" the contract.

Presumably the OP is currently with Fortis in Kamloops, BC?

Regardless, check out their advice.

https://www.fortisbc.com/services/natur ... -your-door

When BC was first de-regulated there was rampant misrepresentation by these 3rd-party sellers. They came around door-to-door and one pair of guys had "BC Gas" stickers on their clipboards (hint: they did NOT work for BC Gas, that was a visual attempt to mislead). Be VERY careful.

For those in other places, historically in BC one of the major natural gas distributors was BC Gas (part of Inland Natural Gas), which took over the Lower Mainland/Greater Vancouver gas business from BC Hydro amongst other smaller players, then renamed to Terasen and then ... > division of Kinder Morgan > Fortis purchased Terasen > Fortis renamed Terasen to FortisBC Energy.

Thanks for the advice everyone, not going to sign up with the idea that they can cancel at anytime.