Author Topic: Enbridge Natural Gas Price Hike Will Mean $400 More Per Year For Average Custome  (Read 1113 times)

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Offline kelee877

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Many Ontarians who rely on natural gas to heat their homes will find themselves shelling out a lot more.
Enbridge Gas Distribution Inc. says the Ontario Energy Board has approved new rates effective April 1.
The increase means nearly $400 over the next year for the average Enbridge customer, who normally would pay roughly $1,000 annually for natural gas.
Enbridge says the OEB’s approval is on an interim basis while the board considers steps to smooth costs for customers.
Enbridge applied for the increase earlier this month, a few weeks after predicting that its massive storage capacity should mute any price increase.
But the utility says it was forced to buy more natural gas — at a much higher cost — than expected and it must recover those costs.
“We respect the decision and the interim order of the Ontario Energy Board and its desire to further review the bill impact on customers following our coldest winter in 25 years,” Malini Giridhar, the vice president of Enbridge Gas Distribution said in a statement.



http://www.huffingtonpost.ca/2014/03/28/enbridge-gas-price-hike_n_5049907.html?utm_hp_ref=canada-business
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Offline icrcc

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My main heat at home (in none emergency situations) is propane. This year I was locked in at 61.9 c per litre. Cheaper than last year and actually this has been my lowest winter heating cost for some time. I have other rental property that is heated with natural gas. This raise in gas prices is of concern to me as the costs to heat these locations is already high. I could not afford to absorb that size of an increase.  I believe that I am not alone in this and expect that over the next few years landlords will be seeking to recoup their losses. The government will probably try to adjust the CPI so that natural gas prices are not reflected and they can tell everyone "don't worry everything is fine".
It may never happen. Best to be prepared just in case.

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Offline Henry

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My heating bill for next whole year will go up by $5 , the cost of gas to cut fire wood. HA  HA
Henry

Offline icrcc

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Henry I have wood heat too but I don't use it because the cost of propane is so low and so convenient. For a fair comparison you need to figure out what your time is worth for cutting, hauling, splitting, stacking, carrying in, stoking the fire, emptying ash. Add to that the original cost of the equipment for cutting splitting and hauling along with maintenance.   :)
It may never happen. Best to be prepared just in case.

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