Predicting an increase in April due to rising North American gas prices
CHATHAM, ON, Feb. 24, 2017 /CNW/ - Union Gas announced today that in March, it plans to apply to the Ontario Energy Board for approval to change the rates its customer will pay for natural gas beginning in April. Union Gas adjusts customer rates quarterly to reflect changes in the market price of natural gas supplies, which are passed through to customers without mark-up. For more information on natural gas rates, watch the following videos.
The details will not be finalized until mid-March, but increases in North American market prices combined with planned adjustments for the difference between forecasted and actual gas costs from prior periods, could mean a bill increase of between $3 and $5 a month for a typical residential household, depending on location.
While there are seasonal fluctuations market prices, natural gas prices remain lower today than 10 years ago and costs significantly less that heating vs. electricity, oil or propane.
One of the best ways to manage energy costs is by improving the energy efficiency for homes or businesses and Union Gas is committed to help through energy-saving advice, incentives and rebates. For example the Union Gas Home Reno Rebate offers qualified residential customers up to $5,000 in rebates for energy-efficiency assessments and renovations that can significantly lower their energy costs. More information is available at:
Eligible Union Gas customers having trouble paying their natural gas bill may qualify for emergency financial assistance toward past-due bills. Assistance is available year-round as funding allows. Learn more about the Energy Assistance Program at uniongas.com/energy-assistance-program.
About Union Gas
Union Gas Limited is a major Canadian natural gas storage, transmission and distribution company based in Ontario with 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 northern, southwestern and eastern Ontario. Union Gas, named one of Canada's Top 100 Employers from 2011- 2017, is a Spectra Energy (NYSE: SE) company with assets of $7.2 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]