Union Gas files application to adjust natural gas rates Jan. 1, 2019
Union Gas files application to adjust natural gas rates Jan. 1, 2019 |
[13-December-2018] |
Quarterly change reflects natural gas market price increases, bills still up to 7% lower than 2018 CHATHAM, ON, Dec. 13, 2018 /CNW/ - Union Gas has applied to the Ontario Energy Board to adjust the rates customers pay for natural gas effective Jan. 1, 2019. This change largely reflects forecasted increases in the price Union Gas expects to pay to buy natural gas supplies from the market. Market prices have increased significantly over the past two months as demand for natural gas has grown due to unseasonably cold weather across North America. This proposed rate increase follows four successive decreases in 2018. Inclusive of this proposed change, the total annual natural gas bill for households will be up to 5 per cent lower than a year ago and up to 7 per cent lower for businesses. Residential1 customers who buy natural gas from Union Gas will see the following changes:
Business2 customers who buy natural gas from Union Gas will see the following changes:
"Natural gas supplies are abundant and as a result the price our customers pay for the natural gas commodity has steadily declined over time. While there are seasonal market fluctuations, natural gas prices are lower today than 10 years ago, remarked Sarah Van Der Paelt, director of marketing and energy conservation, Union Gas. "Natural gas continues to be the most cost-effective energy choice for homes and business, and our customers can save even more by leveraging Union Gas energy-efficiency rebate programs." Customer rates are adjusted without mark-up each quarter to reflect changes in the market price of natural gas supplies. To understand how Union Gas sets its rates, refer to the following videos. Check out uniongas.com/residentialrates to view current natural gas rate information by postal code. Union Gas is committed to improving energy efficiency through a range of products, services and incentive programs to help customers lower their energy use and save money. Learn more about Union Gas energy savings programs at: Residential: uniongas.com/savemoney; Business: uniongas.com/savemoneyandenergy. About Union Gas CONTACT: SOURCE Union Gas Limited | ||||||
Company Codes: Toronto:UNG.PR.C, Toronto:UNG.PR.D |
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