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League CU Resources team up to cut CUs energy costs
FARMERS BRANCH, Texas (1/31/08)--CU Resources, a wholly owned subsidiary of the Texas Credit Union League (TCUL), has partnered with Affiliated Power Purchasers International (APPI) to reduce member credit unions’ energy costs through consulting services. Energy prices have increased annually at 15% for the past 12 years, according to the TCUL. Based on the current market, Texas credit unions should consider fixed-price supply contracts with terms of two-to-five years, the league advised (LoneStar Leaguer Jan. 30). The contracts reduce risks of price volatility, price increases and seasonal changes, with significant savings, the AAPI said. Since the mid-1990s, energy prices have been volatile. Wholesale and retail energy prices change throughout the day as energy commodity contracts are traded on national energy exchanges, the league said.
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