TORONTO, Sept. 22, 2011 /CNW/ - Today the Ontario Energy Board approved
changes to the natural gas prices Enbridge Gas Distribution Inc.
(Enbridge) charges its customers effective October 1, 2011.
Residential consumers who buy natural gas directly from Enbridge and use
3,064 cubic meters (m3) a year will see a decrease of $27 per year on their overall bills.
The natural gas commodity price consumers will pay for the period of
October 1 to December 31, 2011 is 13.6891¢/m3. When combined with the gas supply cost adjustment, consumers will pay
an effective price of 12.2284¢/m3.
Natural Gas Price
Gas Supply Cost Adjustment
The rate changes reflect lower natural gas prices in North America.
The Board also approved a one-time charge of approximately $3 that will
appear on October bills to clear deferral accounts reflecting the
difference between what customers paid between January 1, 2010 and
December 31, 2010 and the actual costs incurred.
The natural gas price is based on a forecast of market prices over the
next 12 months. The forecast price is reviewed every three months and
adjusted accordingly. If the previous forecast price was too high, the
difference is refunded to customers. If the previous forecast was too
low, the difference is collected from customers. This ensures customers
pay for the actual cost of gas. This adjustment is referred to as the
gas supply cost adjustment.
For more detailed information about this announcement visit our website
Historical natural gas price information can be found at http://www.ontarioenergyboard.ca/OEB/Consumers/Natural+Gas/Natural+Gas+Rates/Natural+Gas+Rates+-+Historical
The Ontario Energy Board regulates the province's electricity and
natural gas sectors in the public interest. It envisions a viable and
efficient energy sector with informed consumers and works toward this
vision through regulation that is effective, fair and transparent. For
more information on the Board, please visit our website at www.ontarioenergyboard.ca.
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SOURCE Ontario Energy Board
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