Reverse Bid Auction Lkwd Twp

the competition will heat up usually in the last two minutes and now we just got a bid from Suez and an 827 the 18 month is uh a little bit lower an 814 and the 24 month is the lowest at an 801 it it shows that fusan first and second on that ter and now Suez just took over the 18 and 24 month price and undercut uh book Sou Jersey energy so it's getting it's getting a little bit more competitive I it's like a horse race H it's going to heat up because there's a lot of suppliers in the mix now and now up okay South Jersey came in then Hudson just popped in and you can see they really they really brought down the price down to the seven so you're already above that $882,000 sa said I got to tell you you know I've watched a lot of these auctions and and a lot of times the biders don't even come into the last three minutes and look at's out the game get a little more competitive it's already down to a 72 a 717 on the 24 month uh we're looking at somewhere around 20% savings right now every penny means $50,000 basically so we're 2 and a half pennies uh off this number almost 2 and A2 pennies off your current rate um we're looking at significant amount of annual savings probably somewhere in the $120,000 range right now about a minute and a half ago took over the Green Mountain let's see if Green Mountain the last time Green Mountain came in with 20 seconds left and what they'll do is they'll actually go to their their their their wholesale desk and in real time well there it is now Green Mountain just undercut that just reset the clock back to two minutes and Green Mountain just undercut Hudson from on the 12 month they went down to a 683 from a 686 currently late was paying 9.2 cents a kilowatt hour on between all their meters on a weighted average and that's the current jcpl tariff so when we get a penny each penny represents approximately $50,000 and if we got down to a 684 we're basically 2 and 1/2 pennies lower than the Tariff