The sting of high natural gas prices to heat your home over the past two winters is expected to ease for the upcoming heating season, which runs from November 2023 through March 2024.
Mark Hanson with Montana-Dakota Utilities says natural gas is expected to be about 30% cheaper than it was last winter.
Hanson says the current national storage supply is about 7% higher than the five-year average, and 16% higher than this time last year.
Hanson says utility companies don’t make a profit on the cost of natural gas. He says the cost is a straight passthrough to customers. Prices are also subject to monthly changes based on wholesale market fluctuations. Customers are encouraged to use energy wisely and continue individual conservation efforts.
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