Cost to heat homes with natural gas dropping
MILWAUKEE (AP) — The price of natural gas is at its lowest point in nearly 7 and a-half years. That has Wisconsin utilities predicting lower costs to heat your home this winter.
The price of the fuel has dropped by nearly 80 percent since a year ago. Reduced manufacturing because of the economic downturn and surging national gas supplies are factors in the price decline.
Alliant Energy Corp. in Madison is telling customers that home heating costs could drop 20 percent to 25 percent during the six-month heating season. Madison Gas & Electric Co. is predicting a cost cut of at least 15 percent, while Wisconsin Public Service Corp. of Green Bay is projecting a drop of about 15 percent to 20 percent.
We Energies of Milwaukee says only that a price break is possible.
Sep 3, 2009 at 3:24 p.m.
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At last !!! Good news.Janesvillean don`t be such a downer.Enjoy the news while you can.
Sep 3, 2009 at 2:03 p.m.
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janesvillean; your not suggesting we WILL have hyper inflation are you? Caused maybe by the stimulus?
Sep 3, 2009 at 1:41 p.m.
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If people are smart, they will use the money saved from this price break to invest in more efficient home heating and cooling systems or better insulation, taking advantage of the tax credit only available for 2009 and 2010.
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At least take comfort in knowing that the price will increase, when it does, because economic activity is picking up again.
Sep 3, 2009 at 11:48 a.m.
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To each his/her own, but my response was to call up & cancel my "budget billing" settling my acct. for about 1/2 the normal monthly payment.
Sep 3, 2009 at 9:28 a.m.
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No worries folks, if cap and trade is signed into law you won't have to worry about any cuts at all...for a long, long long, time.
Sep 3, 2009 at 9:11 a.m.
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I'm sure that the energy companies weren't BUYING when the gas prices were peaking so we never were paying top prices. They buy it when prices are lower and store it or contract it for the winter. 75% to 85% of the bill we pay is based on the price of the natural gas, so if they were paying 50% more last year and that accounts for 75% of our bill, then a 25% reduction makes sense. (I read the Alliant web site about natural gas pricing)
Sep 3, 2009 at 8:36 a.m.
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80% = 25%...lol !!!
Sep 3, 2009 at 8:24 a.m.
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They say its dropping now but we all know we will get that nice little notice this winter saying they are increasing the price. probably 3 times at that
Sep 3, 2009 at 8:14 a.m.
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take to the streets and demand the rest of the 80 percent! :D
Sep 3, 2009 at 8:09 a.m.
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Am I missing something here? The price has dropped nearly 80% in a year, but I should expect only a 20-25% drop on my end?
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