The American Gas Association hosted its annual Winter Heating Outlook to showcase its expectations for the upcoming winter heating season on October 24. One key difference of AGA’s Outlook is its focus on how natural gas utilities plan and prepare to meet the winter heating demand of their customers, and what natural gas utilities see in terms of their expectations for demand and customer bills.
On average, residential natural gas bills are expected to be around 2 to 4 percent lower than the previous winter based on AGA’s survey of members. Contributing factors include National Oceanic and Atmospheric Administration’s expectations for a warmer-than-normal winter and the U.S. Energy Information Adminstration’s Short-Term Energy Outlook price of natural gas that is $2.56 per MMBtu on average this winter, which is $0.80 lower than last year. The bottom line: Natural gas will continue to be the lowest-cost energy option for home heating.
Visit this link to download the full Natural Gas Market Indicators report. Topics covered in this week’s report include: Reported Prices, Weather, Working Gas in Underground Storage, Natural Gas Production, Shale Gas, Rig Counts, Pipeline Imports and Exports, and LNG Markets.
Please direct questions to Richard Meyer at rmeyer@aga.org or Gina DeFrancesco at gdefrancesco@aga.org.
