Does Mojo hedge its 0% mark up prices?
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Yes, Mojo hedges it’s energy prices by entering into hedge contracts with a variety of counterparties. Entering into these hedge contracts protects the business from energy prices on a half-hourly basis above the price agreed in the hedge contract. These hedge contracts are typically agreed on a quarter by quarter basis and can be entered into years in advance, however typically they are agreed on a nearer term basis than that.
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