Friday, October 29, 2010
Heating Costs For Natural Gas To Take Slight Rise
KENTUCKY....
About 44 percent of Kentuckians use natural gas to heat their homes, while 10 percent heat with propane, 3 percent with fuel oil and 39 percent use electric heat.
The state Public Service Commission said Friday that heating costs will rise slightly this winter. Based on data submitted by the state's natural gas companies, the average customer will pay about 7 percent more this November than last. But the average total bill, including base rates, is still 35 percent lower than in November 2008. The PSC says wholesale costs, which make up the largest portion of natural gas bills, are only 2 percent higher than a year ago, and, over the past year, they have remained at less than half the peak prices seen in 2008. Also, the amount of natural gas placed in storage for use this winter is at above-average levels.
About 44 percent of Kentuckians use natural gas to heat their homes, while 10 percent heat with propane, 3 percent with fuel oil and 39 percent use electric heat.
The state Public Service Commission said Friday that heating costs will rise slightly this winter. Based on data submitted by the state's natural gas companies, the average customer will pay about 7 percent more this November than last. But the average total bill, including base rates, is still 35 percent lower than in November 2008. The PSC says wholesale costs, which make up the largest portion of natural gas bills, are only 2 percent higher than a year ago, and, over the past year, they have remained at less than half the peak prices seen in 2008. Also, the amount of natural gas placed in storage for use this winter is at above-average levels.
# posted by Homer Owens @ 6:28 PM 
