Thank you, Mr. Chairman. Mr. Chairman, I guess a simple example would be if we have this in place and know that a one cent per litre increase in the cost of a product would have an overall impact of $250,000 for us, we would have to transfer that increased cost on to the customer in the community. So if we were able to buy in the future, and if there was a savings of five cents or even 10 cents, that would save us passing that kind of increase on to the customers in the communities. Usually the adjustments would be in the few cent range. But as we found out this last cycle we went through re-supplies in communities, we had significant increases in the 10 to 20 cent range in some places because of what the previous year's product was delivered at to the new amount, the new fuel delivered at that time. So if we had this instrument, it would have come in very handy, but, unfortunately, that wasn't in place and this would help us protect against those types of increases. Thank you.
Floyd Roland on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on February 3rd, 2006. See this statement in context.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
February 2nd, 2006
Page 738
See context to find out what was said next.