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.
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