Heating costs to remain steady this winter

According to the U.S. Energy Administration, the Department of Energy's data arm, colder temperatures and flat or falling market prices will keep natural gas and electric heating expenditures fairly steady for households across much of the U.S. this winter.

person turning down temperature on a digital thermostat

Slight decrease in our region

LG&E received approval from the Kentucky Public Service Commission (KPSC) of its quarterly Gas Supply Clause to be effective from Feb. 1, 2025, to April 30, 2025. The Gas Supply Component line item on the natural gas portion of LG&E customer bills is adjusted quarterly depending on market conditions.

Customers will see a slight decrease in the natural gas price on their bills compared to the previous quarter. A typical residential customer with an average natural gas usage of 6,000 cubic feet per month will pay about $ 74.77 monthly. That compares to about $76.41 per month for the previous quarter — a decrease of 2.15%.

The company works year-round to secure competitively priced natural gas for customers. Like other natural gas utilities across the nation, LG&E does not profit from the cost of the natural gas it distributes to its customers. LG&E's gas supply costs are collected from customers on a dollar-for-dollar basis following review and approval by the KPSC. LG&E leverages its underground natural gas storage fields by purchasing gas at typically lower prices during the summer, storing it, then withdrawing the gas and delivering it during the winter season, which reduces the amount of gas that must be purchased during the colder months when gas is generally more expensive.

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