Reflects removal of cap-and-trade charges and changes in the market price of natural gas
CHATHAM, ON, Sept. 27, 2018 /CNW/ - Union Gas has received approval from the Ontario Energy Board to decrease its rates for natural gas customers effective Oct. 1, 2018.
Residential1 customers who buy natural gas from Union Gas will see a $73 decrease related to the removal of the cap-and-trade charges for natural gas effective Oct.1, 2018. This is partially offset by changes in the market price of natural gas supplies and transportation services, which are passed through to customers without mark-up, resulting in the following overall changes:
- Southern Ontario – a decrease of about $47 a year, for an annual average bill of about $707.
- North East Ontario - a decrease of $26 a year, for an annual average bill of $989.
- North West Ontario – a decrease of $74 a year, for an annual average bill of $839.
Business2 customers will see decreases ranging from $1,098 to $3,154 a year depending on location.
1 Average household using 2,200 m3 of natural gas a year.
2 Average business using 73,000 m3 of natural gas a year in southern Ontario and 93,000 m3 in northern Ontario
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.
"The good news is Union Gas customers will see a decrease in their bills throughout the winter months," remarked Sarah Van Der Paelt, vice-president, infranchise sales and marketing and customer care, 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."
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
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 1.5 million residential, commercial and industrial customers in more than 400 communities across Ontario. Union Gas, an Enbridge Company-one of Canada's Top 100 Employers for 2018-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.
Andrea Stass, Union Gas
Manager, External Communications and Media Relations
Ph: 519 436-5490 or 1-800-571-8446 ext. 5005490
Cell: 519 365-1010
SOURCE Union Gas Limited