Follow The Republic:
Higher natural gas, propane and electricity prices will push winter heating bills higher for about 90 percent of U.S. homes, the federal government is predicting.
While average homeowners can expect heating bills to increase 16 percent, Hoosiers who are heating their homes with natural gas will see bills rise about 3 percent.
The Energy Information Administration projects that homes heated with natural gas will pay an average of $80 more this winter. About half of U.S. households use natural gas as their primary heating fuel.
Temperatures this winter are expected to be similar to last year, but commodity prices have risen since then, according to the EIA, the statistical arm of the U.S. Department of Energy.
The EIA also said that despite the projected higher bills, consumers still will pay about 4 percent less than the average bills for the past five winters.
Vectren said that based on average consumption, Hoosiers are projected to pay $530 during the five-month heating season from November to March, about $3 more per month than last winter.
The company said that bills “will vary by customer depending on the size and age of the home, number of gas appliances, number in the household, thermostat settings and levels of insulation.”
“For the past four winters, customers have seen year-over-year winter bill reductions due to falling gas costs that have now seemed to level off,” Mike Roeder, president of Vectren Energy Delivery of Indiana–North, said in a news release.
Vectren North has about 570,000 customers in 36 counties including Decatur, Jackson and Bartholomew.
Think your friends should see this? Share it with them!
Note: All comments left on our sites are first reviewed by an automated comment moderation system. Your comment may take up to 5 minutes to appear. If for any reason your comment can not be approved you will receive an email from this system with a detailed explanation.
All content copyright ©2013 The Republic, a division of Home News Enterprises unless otherwise noted.