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Price Index |
  
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Price Index |
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The price index functionality within EnergySteward.com provides for a mechanism for referencing 3rd party AND internal price rates and tables. This enables price formulas to be established that reference these various price/rate publications to be setup as a static entry on on the deal meters/wells (or routes). Over time, as the publication index value is entered/updated then the underlying deals will recalculate with the new/updated values.
By externalizing these rate tables, you can recognize significant time savings when posting updates to your underlying deals. Simply update the index values and it automatically updates ALL deals (meters/wells and routes) that reference the index.
These price publications and indices can be reference in price formulas AND in other cost formulas. They can be published 3rd party publications (like Platts Gas Daily, Platts Inside Ferc, OPIS, etc.) OR they can internal publications (maintaining your own list of custom cost basis offsets, fuel surcharge rates, etc.).
In general, it is a good idea to always try and setup your price and other cost formulas with references to price/rate indices.
Important Note: EnergySteward.com contains automated import facilities for many publications. Vendor licensing for utilizing these external 3rd party price publications are required and your responsibility prior to entry/use of the indices within EnergySteward.com. If an automated data feed subscription is purchased from these 3rd party price feed vendors, you can contact support at EnergySteward.com to assist on the automated import feature.
This section contains various price index related configuration items.