Good news for local natural gas customers, a price drop starts today (Tuesday).

Enbridge says customers in the northeast, including North Bay, will be saving about $71 annually on their bills.

That’s about 7 percent of the total natural gas bill.

New quarterly rates have come into effect.

The utility says the change reflects forecasted decreases in North American market prices for natural gas supplies and the cost to transport natural gas from Western Canada and the U.S. into Ontario.

“Bringing two of Ontario’s leading utilities together this year to form Enbridge Gas, has given us an unique opportunity to leverage our strengths, enhance productivity and keep delivery costs low,” said Malini Giridhar, Vice President of Business Development and Regulatory at Enbridge. “This combined with natural gas costs that are lower than a decade ago, means exceptional energy value for Ontario families and businesses.”

Small commercial customers who buy natural gas from the utility will see decreases ranging from $478 to $2,962 per year depending on location.

 

(File photo by station staff)

Filed under: Enbridge, Natural gas bills, north bay