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Decrease in natural gas prices for residential customers

Heritage Gas is pleased to report that the cost of natural gas for Rate Class 1 customers has decreased by 23%, from $9.50/GJ to $7.35/GJ for the period from February 1 to July 31, 2020. Rate Class 1 customers will enjoy natural gas prices that are 33% lower than the same six month period last year.

The Gas Cost Recovery Rate (GCRR) for Rate Class 1 is set biannually on February 1st and August 1st. This pricing method provides stability in gas prices for residential and small commercial customers who use less than 500/GJs each year.

The new natural gas price for the next 6 months is equivalent to $0.67/L for fuel oil, $0.44/L for propane and $0.063/KWh for electricity. If you are paying more for your home or small business heating, now is a great time to explore natural gas solutions.

For more information about natural gas rates, visit the rates for home and rates for business pages of our website.

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