Ignite's Hedging module allows you to compare the future contracts you have purchased to the gallons you have promised your customers (i.e. pre-buy plans, price cap plans and fixed price plans). 

Why Would I Want to Do This?

It helps you make sure you are not over or under committed.

How Does It Work?

There are really 2 parts. 

Part 1 is that we need to track what you have promised customers.  That is the easy part because you are already maintaining your customer's special pricing plans (i.e. pre-buy plans, price cap plans and fixed price plans) in Ignite. Those gallons are then spread over the heating curve to figure out your committed gallons for each month.

Part 2 is that you need to enter your futures contracts into Ignite. 

Then, Ignite will do the rest.  It will compare what you have committed to what you have purchased and be able to graph and show you how many gallons and/or how many contracts ahead or behind you are for each month.