NIPSCO projects higher natural gas prices for winter

NIPSCO is projecting higher bill prices for it's customers due to rising natural gas prices.

Posted: Oct 14, 2021 8:24 PM

MERRILLVILLE, Ind. (WLFI) - Natural gas supplier NIPSCO is projecting higher natural gas prices this winter season, according to an Oct. 14 press release. It says it's a trend happening across the country, driven by rising market prices and natural gas storage shortages.

NIPSCO says between Nov. 2021 and March 2022, customers could pay an average of $34 per month more than usual. Natural gas market prices are 92% higher than they were last winter, according to the press release.

"This is certainly a trend that's being seen right now, and it is going to impact you know customers here in Indiana as well as across the country," said NIPSCO Director of Communications Wendy Lussier

NIPSCO is projecting February to be the toughest month this winter. At 164 therms of usage, it projects a bill increase from $105 dollars to $152 dollars.

Lussier shared tips on keeping prices as low as possible this winter.

"For example, if you set your thermostat to 65 degrees or maybe two or four degrees down below where you normally have it set, and wear a sweater in your house," Lussier said.

"Clean the filter on their heating system regularly and ensure they're getting adequate airflow so it's running most efficiently. Also looking at weather stripping around doors and caulking around doors and windows that might have cracks, you want to keep the warm air in and the cold air out."

Lussier says customers should reach out to NIPSCO if they feel they'll have trouble paying bills this winter.

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