TORONTO, Dec. 20, 2018 /CNW/ - Enbridge Gas Distribution Inc. (Enbridge) has received approval from the Ontario Energy Board (OEB) for new rates, effective January 1, 2019.
Typical residential customers* who buy their gas supply from Enbridge will see a total bill increase of about 6.2 per cent, or $54.16 a year. As a result, their total bill will be about $926 a year. The increase is primarily due to higher natural gas prices in North America.
"Natural gas continues to provide great value to our customers, with the typical customer's total annual bill now $286 less than it was 10 years ago**," says Jamie LeBlanc, Director Gas Supply at Enbridge.
"Natural gas remains the most economical choice for home and water heating in Ontario," added LeBlanc. "Over the past five years, natural gas has been less than half the cost of electricity or oil**."
Enbridge does not earn a profit on the price of natural gas - costs are passed through to customers without any mark-up. Any difference between forecast prices and actual prices is either collected from or returned to customers through the rates we charge.
Enbridge submits rate adjustment applications every three months to reflect changes in the market price of natural gas and transportation services. The applications are reviewed and approved by the OEB.
Options to help manage energy bills:
- Customers can find tips on how to manage their energy use and information about current rebate and incentive programs at enbridgegas.com/energyefficiency.
- The Home Energy Conservation program allows homeowners to earn up to $5,000 for installing energy efficiency upgrades, while helping to reduce greenhouse gas emissions. Learn more at enbridgesmartsavings.com.
- The Home Winterproofing Program helps residential customers in financial need with free home energy efficiency improvements. Qualifying customers may have free energy efficiency improvements, such as insulation, installed to reduce their energy costs. Learn more at enbridgegas.com/winterproofing.
- Customers who are having trouble paying their bills should call Enbridge as soon as possible to set up payment arrangements.
About Enbridge Gas Distribution
Enbridge Gas Distribution Inc. has a 170-year history and is Canada's largest natural gas distribution company. It is owned by Enbridge Inc., a Canadian-based leader in energy transportation and distribution, and has ranked as one of the Global 100 Most Sustainable Corporations for the past nine years. Enbridge Gas Distribution distributes natural gas to over two million customers in Ontario. Effective January 1, 2019, Enbridge Gas Distribution will amalgamate with Union Gas Limited to form Enbridge Gas Inc. and will continue to provide gas distribution services in the same manner to the Enbridge Gas Distribution and Union Gas Rate Zones.
For more information contact:
Enbridge Gas Distribution Inc.
*Calculations are based on the assumption that typical residential customers, who buy their gas supply and transportation from Enbridge, use about 2,400 cubic metres of natural gas a year for home and water heating.
**Natural gas rates are based on Enbridge Gas Distribution's residential rates effective January 1, 2019. Electricity rates are based on Toronto Hydro's Ontario Energy Board approved rates up to and including those effective January 1, 2019. Oil prices are based on publicly posted Statistics Canada historical prices up to and including rates available as of October 2018. Costs have been calculated for the equivalent energy consumed by a typical residential customer and include all service, delivery and energy charges. HST is not included.
SOURCE Enbridge Gas Distribution