Citizens Gas Projects Gas Bills for November
INDIANAPOLIS – Assuming normal weather, Citizens Gas projected today that the typical residential heating bill will increase about $5 in November compared to November 2005. The utility projected that the typical residential heating bill for November would be about $116 for 95 therms. During November 2005, the typical bill would have been about $111 for 95 therms. In October, the typical bill was about $45 for 37 therms. Citizens Gas still expects residential heating bills to decline slightly over the November-March winter heating season due to lower natural gas prices compared to last winter.
The projections are part of the utility's monthly Gas Cost Adjustment (GCA) filing with the IURC. Citizens Gas makes the filings to account for changes in the price of gas it purchases for its customers. Gas prices often fluctuate rapidly because of changing weather and gas market conditions.
Customers can minimize the monthly financial impact of their gas bill by signing up for Citizens' Budget Payment Plan. Under the Budget Plan, a customer's heating cost is spread out into equal monthly payments over a 12-month period. Information about Budget Plan eligibility is available at 924-3311.
The utility urges customers to conserve energy by taking simple steps to weatherize their homes. Customers can better understand their gas usage and conserve energy with two new energy management tools at www.citizensgas.com. The Citizens Bill Analyzer helps customers better understand their energy usage and the Citizens Home Energy Advisor provides a list of energy saving suggestions through a free online energy audit.
To help minimize the impact of sudden changes in wholesale natural gas prices, Citizens Gas utilizes a hedging strategy to purchase most of its gas supply during periods of low demand. Citizens Gas also stores gas in underground storage fields during the summer for use during the winter.
While this strategy can only minimize price spikes, Citizens Gas' rates are among the lowest in the State of Indiana , according to figures compiled by the IURC. Based on rates in effect on January 1, 2006, Citizens Gas has had the fifth lowest average gas rates among the 25 gas companies operating in the state.
Average Residential Heating Bill Comparisons
Projections Assume Normal Weather
November 2006 vs. November 2005 |
| |
Therms |
Average bill |
| November 2006 (Projected) |
95 |
$116.20 |
| November 2005 |
95 |
$110.61 |
| Increase |
|
$5.59 |
|
November 2006 vs. October 2006 |
| |
Therms |
Average bill |
| November 2006 (Projected) |
95 |
$116.20 |
| October 2006 |
37 |
$45.16 |
| Increase |
|
$ 71.04 |
|
About Citizens Gas
Citizens Gas & Coke Utility is a Public Charitable Trust providing efficient and reliable energy services to more than 266,000 customers in and around Marion County. The Public Charitable Trust means the utility is managed only for the benefit of customers and the community.
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