Tuesday, July 15, 2008

Important Information About Your Rates

Effective July 1, 2008 you will begin to notice an increase in your gas bill. The Ontario Energy Board approved changes to the rates Union Gas charges its customers. They predict that most customers will see a total increase of $254.99 based on an annual volume of 2,600 m 3.

The gas commodity rate has increased by 7.3112 cents/m3. This change reflects the increase in Union Gas forecast cost to purchase natural gas for the next 12 months.

In addition, the change in the gas price adjustment is an increase of 2.0276 cents/m3. This change reflects the difference between the projected cost of natural gas that Union Gas expects to pay and the amount that Union Gas expects to recover through the current gas commodity rate over the next 12 months.

The gas rate is adjusted this way so that you are billed at a rate that more closely reflects the market price of natural gas and avoids large out-of-period adjustments.

The transportation rate has increased by 0.4676 cents/m3 to 3.5148 cents/m3. Delivery price increased slightly by 0.0224 cents/m3.

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