Quarterly change reflects natural gas and transportation market price decreases
TORONTO, March 26, 2019 /CNW/ - Enbridge Gas Inc. (Enbridge), has received approval from The Ontario Energy Board to decrease the rates its customers pay for natural gas effective April 1, 2019. This 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.
Residential customers who buy natural gas from Enbridge will see decreases ranging from $21 to $76 per year1 depending on location:
- Enbridge rate zone (1) - a decrease of about $56 per year or about 6 per cent of the total natural gas bill.
- Union South rate zone (M1) - a decrease of about $21 per year or about 3 per cent of the total natural gas bill.
- Union North West rate zone (R1) - a decrease of about $52 per year or about 6 per cent of the total natural gas bill.
- Union North East rate zone (R1) - a decrease of about $76 per year or about 7 per cent of the total natural gas bill.
Small commercial customers who buy natural gas from the utility will see decreases ranging from $513 to $2,850 per year depending on location.
"Over the past five years, natural gas has been less than half the cost of electricity or oil2, which makes it the most economical energy choice for homes and business," said Malini Giridhar, Vice President of Business Development and Regulatory at Enbridge. "Our customers can save even more by leveraging Enbridge energy-efficiency rebate programs."
For information on the energy-efficiency programs available visit:
Union rate zones:
Enbridge rate zone:
About Enbridge Gas Inc.
Enbridge Gas Inc., formed on Jan. 1, 2019 from the amalgamation of Union Gas Limited and Enbridge Gas Distribution, is Canada's largest natural gas storage, transmission and distribution company based in Ontario with a more than 170-year history of providing safe and reliable service to customers. The distribution business serves about 3.5 million customers, heating over 75 per cent of Ontario homes. The storage and transmission business offers a variety of storage and transportation services to customers at the Dawn Hub, the largest integrated underground storage facility in Canada and one of the largest in North America. Enbridge Gas Inc. is owned by Enbridge Inc., a Canadian-based leader in energy transportation and distribution.
1 Calculations are based on the assumption that typical residential customers, who buy their gas supply and transportation from Enbridge Gas, use about 2,200 cubic metres of natural gas a year in the Union South, North West and North East rate zones and 2,400 cubic metres of natural gas a year in the Enbridge rate zone
2 Natural gas rates are based on Enbridge Gas 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
For more information contact:
Ph: 1-800-571-8446 ext. 5005490
Cell: 519 365-1010, email@example.com
SOURCE Enbridge Gas Distribution