Wednesday, September 16, 2009

Natural Gas Prices Down Again

Union Gas Customers in northwestern Ontario, including Fort Frances, can expect to see yet another decrease on their natural gas bills next month.

Spokesperson Andrea Stass says the Ontario Energy Board has approved an almost 11 per cent decrease in the cost of natural gas effective October 1st.

"We're seeing additional supplies of natural gas that have been discovered," says Stass, "as well as a bit of reduction in demand related to the recent recession. That's caused some market price of gas to go down and we're adjusting our rates to reflect those reductions."

Stass says its the fourth decrease this year which have cut bills almost in half since January.