Lower natural gas costs to be reflected on 2023 bills: Ontario Energy Board

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The Ontario Energy Board (OEB) has lowered natural gas rates effective Jan. 1 after an extended period of rapidly rising prices.

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These same customers have had to fork over $488 in higher natural gas rates and federal carbon tax in 2022. Union South customers will see their forecasted bill drop by 3.8%, Union North East customers by 3.5%, and Union North West customers by 10.4%We apologize, but this video has failed to load.The OEB sets natural gas rates four times annually so the total bill at year’s end might be a different amount.

In a decision released last week, the OEB explains that lower natural gas prices are due to a warmer than normal early winter, an increase in North American production, a return to near-average storage inventories, and a decline in exports.

 

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The carbon tax hike ought to take care of that...

sunlorrie They have been robbing customers for years!

Gas rates are going down but delivery charges are going up by 2x3 times the expected savings to the average customer so your bill is actually going up.

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