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How Do I Become a Participant in the Fuel Program
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To participate in the Fuel Program you must be a
member of Maine PowerOptions. To become a member complete and return the Intent
to Participate - Membership Application forms and a Fuel Program Facilities
Survey Form. |
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Is My Organization Eligible to Participate in the
Fuel Program? |
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Yes, there is a one time set-up fee to help with the administrative entry and
setup of data. Please see the table below:
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1 - 350,000
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$35.00
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350,001 - 600,000
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$50.00
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600,001 - 1,000,000
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$75.00
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Over 1,000,000
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$100.00
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Is there a Fee to Participate in the Fuel Program? |
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No. There is no fee to participate in the Fuel Program,
however you must be a member of Maine PowerOptions to participate. There is a
one-time, non-refundable Maine PowerOptions membership fee that is based on
your organization's annual electricity expense. The fee allows you to
participate in both the Electricity Program and Fuel Program at no
additional cost, if eligible.
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How Much Can I Save by Purchasing Fuel through
Maine PowerOptions? |
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Comparing the 2000-2001 supplier contract prices for #2
heating oil and actual market prices, Maine PowerOptions members saved between
20 - 40%, depending on tank size and location.
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What Pricing Options are Available? |
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There are three pricing options:
Firm Fixed Price - price for fuel oil remains fixed for the
length of the contract.
Floating or Indexed Price - price of fuel oil floats with the
designated market index, with the overhead, transportation, and profit
components of the pricing remaining fixed for the length of the contract.
Prepaid - similar to the firm fixed price, the prepaid price
requires the participant to prepay the entire year's volume of product.
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What Fuel Products are Bid? |
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Maine PowerOptions conducts a competitive bid process for
heating oil #2, #4, #5, #6 (high and low sulfur), kerosene, unleaded gasoline,
and diesel.
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How Does a Supplier Know What I Want Bids On? |
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Each year, Maine PowerOptions initiates a Request for
Proposal (RFP) process, by compiling participant's fuel oil needs and sending
the aggregate usage information to a large list of interested oil suppliers
throughout the state.
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Can My Current Supplier Receive a Bid Package? |
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Yes, simply provide us with the supplier's name, the
contact person, mailing address, and telephone number and we will include them
in the next RFP.
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How Long is a Price Quote Good for? |
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Once the fuel oil supplier bid quotes are received, Maine
PowerOptions analyzes them and prepares a Commitment Sheet for the participant,
which lists the lowest bid price, by pricing option, by fuel product. The
participant must select the desired payment option and fax back the signed
Commitment Sheet to Maine PowerOptions within the specified time frame. The
average time to respond to a pricing offer is 24-48 hours.
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Do I Have to Sign a Fuel Supplier Contract? |
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Yes. You will need to sign the supplier's contract. If the
supplier does not have their own contract, you will sign a Participant
Agreement prepared by Maine PowerOptions.
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What is the Supplier Contract Cycle? |
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The 12-month Fuel Program contract cycle generally
begins September 1st and ends in August 31st.
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When is the Next Fuel Program Bid Cycle? |
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Maine PowerOptions begins surveying interested parties in
March each year and prepares the RFP package for mailing to suppliers in April.
At the optimum time, we contact interested suppliers with instructions to
submit their price for the supply they want to bid on.
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Will a Supplier Service My Heating Equipment? |
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Yes, but you must indicate that you want the supplier to
perform maintenance and repairs on the Facility Survey Form, so that potential
bidders are aware of the service component.
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Who Do I Contact if I Have a Problem with Delivery,
Supply or Equipment? |
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You should first notify the supplier and attempt to
resolve the problem. If the problem is not resolved, you should notify Maine
PowerOptions as soon as possible. Maine PowerOptions staff will help you find
solutions to any problems that may arise between you and your supplier.
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Who Will Handle the Billing? Who Do I go to with Billing
Questions? |
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The supplier is responsible for sending you a bill. The
Supplier Agreement outlines specific invoicing requirements suppliers must
follow. You should first notify the supplier with any billing problems(s) and
then contact Maine PowerOptions if assistance is needed. |