Ameren Illinois customers will pay less than last year to heat their homes this winter.
The utility has announced that ample natural gas supply and reserves will provide a greater surplus and for the third consecutive year, customers will not pay more than the previous year on their heating bills.
Ameren Illinois Vice President of Gas Operations Scott Glaesner said customers will pay between 15 percent and 20 percent less during the winter. That will mean an average savings of $63 during the season.
“That’s a nice reduction in natural gas prices for our customers,” Glaesner said.
He said the forecast cost of 42 cents to 44 cents per therm for metro-east customers this winter is down from last year’s 54 cents-per-therm rate. He said Ameren’s gas supply and reserviors are well stocked and prepared to meet an extremely cold weather.
“Natural gas supply is very plentiful across the U.S. and Canada,” he said. “We are in very good shape this winter.”
Under current delivery rates, the average Ameren Illinois customer that uses 569 therms will save approximately $63 during the winter season.
Ameren Illinois’ cost for natural gas includes the cost of interstate gas transportation, leased storage, and the commodity itself, which comprises a large portion of a customer’s monthly heating bill. The utility purchases natural gas in the summer when prices are lower.
Glaesner said utility company is as prepared as ever for winter.
“We have excellent storage resources to meet our demand,” he said. “We’re ready.”
Customers will between 15 percent and 20 percent less during the winter, an average savings of $63 during the season.