OEB approves rate changes for Natural Resource Gas Limited

TORONTO, June 18 /CNW/ - Today the Ontario Energy Board approved changes to the natural gas commodity prices Natural Resource Gas Limited (NRG) charges its customers effective July 1, 2010.

A residential consumer who purchases natural gas directly from NRG and uses 2,009 cubic meters (m(3)) a year will pay approximately $34 less per year. The change reflects a decrease in what NRG forecasts it will have to pay for the natural gas it supplies its customers over the next twelve months. What utilities pay for their natural gas supply is passed on to consumers with no markup.

These changes do not affect consumers who have a contract with a natural gas marketer.

Starting July 1, the new Harmonized Sales Tax will replace the Goods and Services Tax on energy bills as well. For more information go to www.ontario.ca/taxchange.

Every three months, the Board reviews the natural gas commodity rates NRG charges their customers and adjusts them if necessary.

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 web site at www.oeb.gov.on.ca or contact the Consumer Relations Centre at 416-314-2455 or toll-free at 1-877-632-2727.

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SOURCE Ontario Energy Board

For further information: For further information: Media Inquiries, Vanda Wall, Ontario Energy Board, 416-544-5171; Public Inquiries, 416-314-2455 Or 1-877-632-2727

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