Planning for Higher Natural Gas Bills
Natural Gas Prices on the Rise
Natural gas customers across Kentucky should prepare for higher bills this winter.
Wholesale prices for natural gas are about 50 percent higher than last year. The wholesale prices of natural gas are market driven and have steadily increased this summer. The increase is expected to continue through the fall and into the winter heating season.
Local natural gas utilities purchase natural gas from one or more wholesale suppliers and resell it, at cost, to their customers. The local utilities pass through the wholesale cost of the gas and are not permitted to make a profit on the price of the natural gas itself.
Tips for Getting Through the Winter Months Heating Costs
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Budget Payment Plans
Natural gas utilities offer budget payment plans where customers pay the same amount each month based on their average monthly usage.On this plan, customers know how much to plan for payment of their heating bills. Each utility has its own enrollment periods and eligibility requirements, so call your local gas company as soon as possible to find out what options are available to you.
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Start Saving Now
Finding money at the end of the month is sometimes difficult. If you are able, set aside a little extra now to help cover winter heating bills.
Winterization Tips
- Consider installing a programmable thermostat that automatically lowers temperatures when you are not home and raises temperatures when you return. You can also adjust your existing thermostat to lower the temperature setting before you go out.
- Make sure your furnace, furnace filters, and ducts are clean. A dirty furnace must work harder to heat as effectively as a clean one.
- Insulate your water heater and the first six feet of the hot water supply line.
- Open blinds and drapes during the day to let the sun heat the room. Close them at night to prevent heat loss.
- Adjust your natural gas water heater. Keep the temperature on the warm setting (120 degrees).
Need More Information?
If you have questions or need further information, contact your local gas utility.
For additional information regarding your utility services, visit the PSC website at www.psc.state.ky.us or call toll free at 1-800-PSC-INFO (1-800-772-4636).