Natural gas prices rise as winter heating season begins
SPRINGFIELD, Mo. (KY3) — Natural gas prices are trading higher than the same date in the past two years as colder weather drives up heating demand, but local utilities say ample supply and cost-saving measures will keep customer bills relatively stable this winter.
David Yonce, with Spire Energy, said the company’s supply situation helps control customers’ costs.
“We’re fortunate in this country that we have a lot of natural gas supplies, which does allow us to offer affordable natural gas to our customers,” Yonce said.
“City Utilities uses additional strategies to manage costs,” according to Jamie Presley with the company. “We purchase natural gas during summer months when prices are lower and stores it for winter use. Fixed contracts also help stabilize pricing during the heating season.”
Both utilities expect customers to see slight increases in their monthly bills. Spire projects bills will rise by about $3.33, or approximately 3.5 percent. City Utilities estimates that the average customer using 117 therms per month will see bills increase by about $10 per month.
Ways to reduce heating costs
Utility representatives recommend weatherization measures to reduce gas consumption. Yonce suggested insulating under doors to prevent air leaks and using programmable thermostats that adjust temperatures when residents are away from home.
Customers facing financial difficulties have options for assistance. City Utilities offers flexible payment options and can direct customers to state and federal aid.
“We can work with you to make payment arrangements. We can point to available assistance. And, we will be happy to work with you to make sure that, of course, your electricity stays on throughout the winter and that we, of course, will help you navigate those difficulties,” Presley said.
City Utilities and Spire offer ways for customers to save energy, reducing electricity and gas use and helping lower their bills through the winter. Other natural gas customers can contact their utility for tips, available rebates, and payment assistance.
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