CHATHAM, ON, June 28, 2017 /CNW/ - Union Gas has received approval from the Ontario Energy Board to adjust its customer rates for natural gas effective July 1, 2017.
Residential1 customers who buy natural gas from Union Gas will see the following changes:
- Southern Ontario – an increase of $3 a month ($40 a year), or about 5 per cent of the total natural gas bill.
- North East Ontario - an increase of $3 a month ($40 a year), or about 4 per cent of the total natural gas bill.
- North West Ontario – a decrease of $0.14 a month (-$2 a year), or about -0.2 per cent of the total natural gas bill.
These rate changes mean the average annual bill for a residential household is between $862 and $1,130 depending on location; (South: $863, North West: $992; North East: $1,131). To view current rate information by postal code, visit uniongas.com/residentialrates.
"Because natural gas is a commodity, the market price can fluctuate with changes in the amount of readily available supply or in the level of demand for the product," says Jim Redford, vice-president, business development, storage and transmission, Union Gas. "Over the long term however, the price our customers pay has declined and is lower today than 10 years ago."
While customer prices are adjusted every three months without mark-up to reflect changes in the market price of natural gas supplies, the cost of heating a home and hot water with natural gas remains significantly lower than electricity, oil or propane. To understand how natural gas rates are set, refer to the following videos.
Union Gas is committed to helping improve energy efficiency and cost savings for homes and businesses through a range of tools and education to give consumers and businesses the power to take control and manage their energy use. With the Home Reno Rebate from Union Gas, in partnership with the Government of Ontario and Save on Energy, homeowners could be eligible for up to $5,000 in renovation rebates plus additional electric appliance rebates. Learn more at:
Eligible Union Gas customers who have trouble paying their natural gas bill may qualify for emergency relief. Learn more about the Energy Assistance Program and how to qualify at uniongas.com/energy-assistance-program.
1 Average household using 2,200 m3 of natural gas a year
About Union Gas
Union Gas Limited is a major Canadian natural gas storage, transmission and distribution company based in Ontario with over 100 years of experience and service to customers. The distribution business serves about 1.4 million residential, commercial and industrial customers in more than 400 communities across Ontario. Union Gas is one of Canada's Top 100 Employers for 2017, and has assets of $8.2 billion and approximately 2,300 employees. For more information, visit uniongas.com or find us on Twitter: twitter.com/uniongas, Facebook: facebook.com/uniongas and YouTube: youtube.com/user/uniongas.
SOURCE Union Gas Limited
For further information: Union Gas Limited, Andrea Stass, Manager, External Communications and Media Relations, Ph: 519 436-5490 or 1-800-571-8446 ext. 5005490, Cell: 519 365-1010, [email protected]