Natural gas prices will be dropping for Manitobans, just in time for colder weather to arrive.
The Public Utilities Board (PUB) announced Wednesday that a rate decrease has been approved for Centra Gas and will kick in the beginning of next month.
The PUB said the change will lead to a projected decrease on heating bills by about 10 per cent or $75 a year.
The decrease is for the Gas Commodity rate, which will go from $0.1352/m3 to $0.1021/m3 starting Nov. 1, 2023.
The Commodity Cost Balancing Deferral rate rider will also decrease from $0.0051/m3 to $0.0045/m3.
“Gas Commodity is sold on a cost recovery basis, meaning that Centra charges customers only what Centra pays for Gas Commodity and does not make a profit on its sale. The current Gas Commodity rate decrease is the result of decreases in the North American natural gas market prices,” the PUB said in a news release.
The rate will be reviewed again for February 2024.
View original article here Source