April 19, 2014

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Natural gas costs for this coming winter projected to be lower than last year

Natural gas costs at the start of the 2012-2013 heating season are projected to be lower than at any time in the last 10 years, the Kentucky Public Service Commission (PSC) reports.

On average, Kentucky customers can expect to pay about 12 percent less this November than last if they consume 10,000 cubic feet of natural gas. The average total bill for 10,000 cubic feet - including base rates - is projected to be about $85.55.

That is down more than $65 since November of 2008 - a decrease of 43% over the last four years. The lower cost of natural gas has more than offset any increases in base rates over that time.