When the cooler months come, we know many across the country have to crank up their thermostats and use a little more fuel to keep warm. Everyone needs to budget, and it’s helpful to have an idea of how much to set aside for your monthly utility bill, or to consider whether now is the time to switch fuels. To help customers plan, the American Gas Association (AGA) has gathered some key data pointing to what natural gas costs might look like this winter.
On Tuesday, October 1, AGA experts will give their outlook for this winter’s natural gas market. AGA Director of Policy Analysis Bruce McDowell will lead a press conference discussing how weather forecasts, domestic supply, consumer use and conservation and infrastructure all play a role on natural gas customer bills. He will be joined by Senior Managing Counsel for Regulatory Affairs Andrew Soto, who will discuss the particular challenges surrounding regional gas-electric coordination and pipeline capacity and what can be done to help ensure energy reliability in the area.
Last year, natural gas bills continued to be among the lowest in the past decade and natural gas offered the best value to energy customers due to the low price of natural gas made possible by its domestic abundance. Residential customers who used natural gas appliances were able to save up to $1200 on space heating and more than $250 on water heating. Meanwhile, natural gas utilities helped customers save over $300 million and offset 6.5 million metric tons of carbon dioxide emissions by funding efficiency programs.
It was a good year to be a natural gas customer.
Stay tuned to AGA to hear what our experts have to say about this winter’s heating season.
We will be livetweeting at 11:30 am EST from @AGA_naturalgas using the hashtag #AGAOutlook
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