January 1, 2015 - Natural gas rates have continued to increase. The new rates were posted by the OEB with Enbridge customers paying a rate of $0.183 per cubic metre.
This follows the 40% interim increase that occurred in April of last year, due to extreme cold weather conditions. In 2014, an increased demand caused the utility to purchase gas at a higher rate to make up for a shortage of supply in the province. The result - rise in price for natural gas customers.
With the severe cold weather we have experienced as of late, a similar increase is possible later this year. Stay tuned for more information.
This entry was posted on January 2, 2015 by Braedyn Stockfish. Braedyn is our Energy Manager and manages the Energy Master Plans employed at our downtown commercial office portfolio.