MTUD's Enoch says Expect Lower Natural Gas Prices this Winter

October 11, 2007
by: 
Dwayne Page

Natural gas customers could see lower home heating costs this winter

Les Enoch, CEO of Middle Tennessee Natural Gas, told WJLE Thursday that prices have stabilized. "There is good news for winter heating bills. Natural gas prices have stabilized and if the weather is about the same as last year, gas bills should be about 4% lower."

"The District has made a concerted effort to stabilize prices for our customers benefit and we believe we've been successful. The District's cost of gas has stabilized as a result of several factors, including favorable purchasing strategies, abundant storage, and increased production activity. A significant portion of our winter supply is already in storage. We are currently 95% full and the price is lower than last year. This helps all of us and of course we're passing the savings along to our customers."

Enoch urges consumers to conserve as much energy as possible to save even more money this winter."Now is a good time to winterize your home. Improving insulation levels, weatherstripping, changing the filters, and keeping thermostats at the lowest possible comfort level will all save energy and reduce gas bills. For example, during the winter, for every degree you lower your thermostat, you save about 3% on your heating bill"

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