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Good News: Heating Bills Expected to be Lower

Date:October 6, 2009 | Author:Sarah Greenleaf | Category:Home Improvement

Cold-climate dwellers, rejoice!

The Energy Information Administration reported in its annual winter outlook released today, that heating bills will be lower this winter. Natural gas users will save around $105 when compared with the bill from last year. Households using other types of heating will also see a price reduction this winter. Heating oil and electric heat will be down 2 percent and propane users will have the biggest savings with a drop of 14 percent.

The AP points out that reasons for this are twofold:

Natural gas inventories are expected to be at a record high before the cold snap and will increase slightly as demand picks up.
The upcoming winter is expected to be milder, so less heating will be necessary.

Fingers crossed.

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Responses (4)

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paagency 5:21 AM - Oct 7,2009

that’s really a great news
David Tobey 12:27 PM - Oct 9,2009

I don’t feel like this will much affect Seattleites. Many of us have homes heated by electric power. Most of the electric power here is hydroelectric, and therefore always expensive.
Houston Neighborhoods 3:53 AM - Nov 18,2009

@David – Your kidding about hydroelectric power being expensive, right? Because the reality is that hydroelectric is the cheapest energy source in the country. To give a good example Washington price per KWh is less than half of what it is in the state of Texas which mainly uses electricity produced with Coal and Natural Gas.
David Tobey 11:00 AM - Nov 18,2009

That’s interesting. Last winter my family’s heating bill came to approx $400+ in a single billing period. Our heaters are electric.

When we called to find out why it was so high, we were told by the power company rep that hydroelectric power is one of the most expensive. In NYC, our gas heating bills were half as much. Made sense to me.