Bad news if you heat your home with natural gas. Starting on October 1st, you can expect your bill to go up. The Ontario Energy Board has approved a rate increase that will apply to Ontario’s three natural gas suppliers: Enbridge Gas Distribution Inc., Natural Resource Gas Ltd. and Union Gas Ltd.
In North Bay, Union Gas customers can expect a yearly increase to their gas bill around $40 per year on average. In southern Ontario, customers will see an average yearly increase of around $24, or 3.7 percent of their natural gas bill.
In a press release, Union Gas says the approved rate change largely reflects fluctuations in the market prices the company expects to pay for natural gas supplies for the next year. Also that the difference between the forecast for natural gas market prices and transportation services and the actual costs from prior periods varies by location.
Enbridge customers will see an average increase to their natural gas bills of about $25 per year and Natural Resource Gas customers will pay $22 more, on average, per year.
