Summitt Blog
Canadian & Global News

Natural Gas Prices Set to Soar

Natural gas pains coming

Friday, March 14, 2014

As if this long, cold winter was enough to give you the blues, here come higher natural gas prices.

Enbridge says it has nearly run out of its winter natural gas supplies and has to buy more expensive energy supplies. It is asking Ontario regulators to approve a 40% increase. The company has applied for a rate hike it says would boost the annual bill for typical households by nearly $400 dollars a year. A typical home spends about $1000 annually on natural gas. Read More

Prepare for bill shock, Union Gas customers

Saturday, March 15, 2014

Fallout from the long, cold winter of 2014 will likely mean a hard hit on Union Gas customers’ pocketbooks. Significantly higher bills could very well be a reality as early as next month. Union Gas has applied to the Ontario Energy Board for rate increases that, if approved, would take effect as of April 1, 2014. Read More

On heels of hydro hike, Union Gas seeking 28% rate increase

Friday, March 14, 2014

The long, cold winter has a spring slap in store for Southwestern Ontario residents already hurting from paying more to heat their homes. Union Gas has applied for a rate increase starting April 1 that would add 28% to the household gas bill — about $200 a year or $17 a month. Read More

Some Ontarians may pay more for natural gas as Enbridge requests rate hike

Friday, March 14, 2014

The long, cold winter means some Ontario homeowners will likely be paying more for natural gas. Enbridge has applied to the Ontario Energy Board to raise its prices for natural gas and says the average household will see an increase of $400 annually. Read More

Natural gas hike on horizon on heels of brutal winter

Friday, March 14, 2014

Talk about adding insult to injury. Ottawans nearing the end of the coldest winter in 20 years woke up Friday to discover the company which supplies their natural gas, has applied for the right to charge them more to use it. Enbridge has applied for a nearly 40% hike in the energy rates it charges customers. The company has stated it was forced to buy more due to the colder-than-normal winter. Read More

 Proposed natural gas hike ‘ludicrous,’ says Niagara senior

Friday, March 14, 2014

Enbridge customers are outraged to hear they could be paying 40% more for the price of their natural gas. The utility company says it has depleted its supply of cheaper gas because of this year’s extremely cold winter weather. They need to buy more from their suppliers at a higher cost and that’s why they need to charge more to their customers. For senior citizens on fixed incomes or those earning minimum wage, this will put even more of a strain on their finances, said Wayne Pine, who lives in Niagara Falls and knows of people who are getting sick because they are afraid to turn up their thermostats for fear of receiving a high bill. Read More