PSC: Natural Gas Prices to be Slightly Higher This Winter
FRANKFORT, Ky. (WTVQ) – Kentucky residents who heat their homes with natural gas will see slightly higher prices at the start of the 2016-2017 heating season than they did a year ago, according to the Kentucky Public Service Commission (PSC.)
The commission says gas prices have risen, on average, about 12 percent from this time last year, but are still about 60 percent below the peak prices reached in 2008.
Kentucky residential customers can, on average, expect their total gas bills to be about 6 percent higher this November than last, based on consumption of 10,000 cubic feet of natural gas. The average total bill for 10,000 cubic feet – including gas costs and base rates, but not miscellaneous charges – is projected to be about $89.08.
That is up more than $5 from last year and a decrease of about $62 since November of 2008.