Union Gas drops rates by 20% for next year

News Release
Union Gas

March 16 /CNW/ - Union Gas today announced a significant decrease in the rates its customers will pay for natural gas. Residential customers(*) who buy gas from the utility can expect a 20 percent decrease in their annual natural gas bill - a $255 to $306 average annual savings, depending on location. The rate change, which was recently approved by the Ontario Energy Board, will go into effect on April 1, 2009.
“These lower rates reflect what the company expects to pay for natural gas supplies over the next 12 months,” said Steve Baker, vice president, Union Gas. “Natural gas is a competitive energy choice and continues to cost significantly less than electricity or fuel oil for space and water heating.”
Along with lower rates, Union Gas customers can realize even greater savings by taking steps to improve the energy efficiency of their homes. Energy conservation is an investment that offers savings and environmental benefits that continue year-after-year.
In order to help customers save money on energy, Union Gas is offering a number of conservation programs this spring. More information, as well as conservation tips and tools, are available on the company’s Web site at www.uniongas.com/energyefficiency.
(*) A typical residential customer in Union Gas’ service territory uses 2,600 cubic metres of natural gas a year for home and water heating.
Savings are based on the annual bill for typical residential customers who buy their natural gas from the utility.