The only banks we do business with are the ones that have businesses in the borough. And that's not unusual. |
The whole business of wholesale power has changed. Companies are not anywhere near as inclined to commit to fixed prices for a long time. They know (the market) is volatile. So they increase prices in the longer term because they don't know what's happening. |
We went for a series of one-year deals. (Prices) got higher. Looking back, signing a long-term deal was a better move. |