Business and Economics

NIPSCO Makes Winter Gas Bill Forecast

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October 8, 2013 — Northern Indiana Public Service Company, or NIPSCO, says today its forecast for heating bills this winter, assuming normal winter temperatures, indicate bills will be approximately 1% higher than last winter’s bills.

NIPSCO says that level keeps them as some of the lowest bills in the last decade.

NIPSCO says that during the five-month winter heating season, Nov. 1 to March 31, NIPSCO’s average residential customers using a total of 624 therms could expect to pay approximately $437.  This compares to $433 for a customer using the same amount of gas during last winter.

NIPSCO’s projections take into market forecasts, supply trends and storage levels, among other considerations.

NIPSCO says its has among the lowest residential gas bills in Indiana, according to bill comparisons released monthly by the Indiana Utility Regulatory Commission (IURC), noting that,”Actual bills vary by customer depending on the home’s age and size, number in the household, number and age of gas appliances, thermostat settings and insulation levels.”

The utility says that while winter bill projections are relatively flat compared to last winter, it expects usage amounts to be slightly higher, because last winter’s usage was lower than normal due to warmer temperatures.

 

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