Natural gas prices continue to trend higher each month. October 2021 natural gas prices are 42%, or $1.80 per mcf (one-thousand cubic feet), higher than August 2021 natural gas prices. And compared to October 2020, natural gas prices are up 191% or $3.98 per mcf higher. Industry experts are predicting the trend will continue. What does this mean for the average household this winter?
The average household consumes an average of 120 ccf (100 cubic feet) of natural gas per month for the months of January, February, and March. If gas prices cease to increase any further, which is not likely, the average household can expect an increase of approximately $47.00 per month for those months compared to last year. Since natural gas prices are predicted to climb higher, the increase to utility bills will be higher as well.
The Department of Utilities does not profit from the sale of gas. Natural gas is a direct pass through to our customers. We charge our customers the same rate we are charged for gas. We want our customers to be aware of the increasing natural gas prices and prepare now for higher winter utility bills.
Cost saving steps customers can take this winter include:
- Lower your thermostat by a couple of degrees.
- Lower your water heater temperature.
- Keep curtains open during the day to allow sunlight to heat your house, then close them at night to keep the cold out.
- Seal up leaking doors and windows to prevent heat from escaping your house.
- Make sure there is adequate insulation in the attic to prevent heat from escaping.
- Refrain from using gas fireplaces as they are less efficient than gas burning furnaces.
Now is the time to prepare for winter and plan ahead for anticipated utility bill increases.