Utilities: Expect Lower Gas Bills This Winter

The supply-and-demand-based market of natural gas has driven prices down for providers throughout the state. The supply-and-demand-based market of natural gas has driven prices down for providers throughout the state.

Three of the state's largest natural gas providers say consumers can expect natural gas bills to be much lower this winter. Northern Indiana Public Service Co., Citizens Energy Group and Vectren Corp. (NYSE: VVC) say billing estimates will range from 20 percent to 30 percent lower if temperatures are within a normal range.

Natural gas prices are not set by local utility companies, but by supply and demand. The utilities say prices have fallen significantly in the past five years due to increases in U.S. production.

Last year, from November through March, the average residential gas bill from Citizens was about $584. This year, the utility projects the average bill will be about $475, or 19 percent less than last year. Vectren estimates bills to dip to an average of $445 over the five-month heating season, compared to around $550 last year. From November through the end of March, NIPSCO anticipates customers to pay about $345, a decrease from last year's average of more than $495.

"We are very pleased the drop in natural gas has a positive impact on our customers," said Jeff Harrison, president and chief executive officer of Citizens Energy Group in a press release. "Natural gas continues to be a stable, clean-burning fuel source. Even with the decrease, we understand some customers may still struggle to pay their bill so we continue to offer financial assistance."

NIPSCO Executive Vice President Violet Sistovaris says the company still has the lowest rates in the state. "Affordability for customers is important, especially during the winter months when people are using more gas to heat their homes," she said.

Vectren Energy Delivery of Indiana - North President Mike Roeder calls it "good news for customers" and says "natural gas continues to be the most comfortable and cost-effective fuel source for home heating."

  • Perspectives

    • How to Find a New Audience After Hitting a Marketing Plateau

      It may sound like a marketer’s dream scenario: efforts have proven to be so successful it appears a company has completely saturated their target audience. While it may be a good problem to have, it still may be a problem. Hitting a marketing plateau is an opportunity for companies in any industry to reevaluate, re-energize and come to the table with new ideas for better understanding existing customers and engaging new audiences.

    More

Events



  • Most Popular Stories

    • (photo courtesy of WTHR-TV)

      Andrew Luck Retiring from NFL

      In a shocking development following the Indianapolis Colts' preseason loss to the Chicago Bears, quarterback Andrew Luck has announced his retirement from the NFL. Luck, who did not play in Saturday's game, said the number of injuries he has suffered throughout his professional career "has taken my joy of this game away." Luck teared up during a news conference in which he made his announcement. "After 2016 where I played in pain and was unable to regularly...

    • Shaina Keck

      Pier 48 Manager Named

      FK Restaurant Group has named Shaina Keck sales and banquet manager for Pier 48 Fish House and Bar in downtown Indianapolis. She previously served in sales at Kilroy's Bar & Grill. Keck is a graduate of Indiana University Kelly School of Business with a bachelor of science degree in finance and accounting with a concentration in international studies.  
    • (image courtesy of The Times of Northwest Indiana)

      Crews Start Demolition of Carson's in Hammond

      The face of downtown retail in Hammond is changing once again with the demolition of Carson’s department store, the one-time the anchor of Woodmar Mall. Our partners at The Times of Northwest Indiana report excavating crews have started to demolish the last vestige of the shopping center which stood since the 1950s. 

    • Julie Bondy Roberts

      How Barry Manilow Can Help Tame Your LinkedIn Stage Fright

      My former co-work, Rita, loved Barry Manilow.  She often wore a T-shirt that said, “Never Underestimate the Power of a Barry Manilow Song.” She loved him so much that in one week, she saw him once in Indianapolis and the following weekend she drove up to Chicago to see him. She was our receptionist – and I guarantee you she ate Ramen noodles for a few days to make those two concerts happen. 

    • (Image courtesy of Northern Indiana Commuter Transportation District)

      Michigan City Commits $12M to South Shore Track Project

      The Michigan City Common Council has formally committed to contribute $12 million towards the proposed $416 million Double Track project for the South Shore commuter line. Our partners at The Times of Northwest Indiana report the council voted unanimously to pay $7 million upfront and finance the remaining $5 million through a 20-year bond issue.