EKB News

Due to "sharply lower wholesale natural gas prices," the Public Service Commission is predicting many Kentucky residents will see smaller heating bills this winter. The PSC says the reduced demand for natural gas has prompted prices to fall since last winter, reflecting a 39% decrease and the trend should remain relatively stable for several years to come. Presently, wholesale prices are at their lowest levels in at least the past six years while the amount being stored is at historically high levels. PSC officials say about 44% of the state's population heat their homes with natural gas while about 39% use electric heat. The lower rate will run through January 31st. while residential customers using 7,000 cubic feet of natural gas a month will pay about $59.63 a month, compared to last year's monthly bill of $97.78.