Natural Gas Prices Expected to Remain Stable this Winter

Natural gas customers could see lower home heating costs this winter.
Les Enoch, CEO of Middle Tennessee Natural Gas, said prices have stabilized. Couple that with a mild winter and energy conservation, and gas customers could reap the benefits. “Fall light up season is underway and it’s a great time to provide a winter update. The information we have at this time is that natural gas prices continue to remain stable due to increased supply, higher production, and robust underground storage balances. As you recall, last winter was significantly colder than normal and we’re expecting a return to more seasonable weather. The good news is that the district’s rates are at their lowest level in years. If you couple a five percent rate reduction when we expect moderate weather, we have a great opportunity for lower gas bills.”
“We want to remind our customers that energy conservation also helps reduce gas bills. The district provides free safety inspections and pilot lightings during this time of the year and we also encourage our customers to take the time to improve insulation, weather stripping, to change their filters, and to keep their thermostats at the lowest possible comfort level. For every degree you lower your thermostat, you save about 3% on your heating bill”.
“We’re committed to providing quality service and we’re well prepared to serve our customers with an abundant supply of clean burning and reliable natural gas. We appreciate our customers and with winter just around the corner, we encourage them to call us at 597-4388 to schedule a free pilot lighting, if they need it, or a safety inspection, if they’d like or to be able to help them with any of their appliance needs before the winter sets in.”