With abundant gas supplies and low gas prices, MLGW customers can expect low average winter heating bills this season.
For the next three months, weather forecasters are predicting above normal winter temperatures. Based on current gas prices and consumption, residents can expect an average monthly gas bill of about $65 with a mild winter. A colder winter could mean bills that are 30 percent higher.
Through risk management strategies, MLGW has capped purchase costs to protect customers from unexpected high gas spikes. “If prices were to go out the roof, we basically have a ceiling on gas prices,” said MLGW’s Energy Resources Supervisor Jeff Sissom.
The abundance of shale gas supplies in the market is causing prices to remain low.