BGE Estimates Average Increase of $110 in Natural Gas Prices in Winter 2008
Posted on: Wednesday, 24 September 2008, 09:00 CDT
The Baltimore Gas and Electric Company has announced that its residential customers who purchase natural gas can anticipate a $110 average increase from winter 2007 in the gas portion of their total bill during the 2008 winter heating season.
Assuming a normal winter, the Baltimore Gas and Electric Company (BGE), average residential customer can expect to pay approximately $792 during the heating season, compared to $682 for the same period in 2007. This is primarily due to the increase in market price for natural gas.
Mark Case, senior vice president of strategy and regulatory affairs for BGE, said: "We estimate the price for natural gas will be $1.11 per thermal unit, in comparison to $0.95 in winter 2007. Increased market prices for fuel and weather factor into the price we pay for home heating."
Source: Datamonitor
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