Typically for those in the Capital Region area, winter brings on high utility bills. However, just the opposite can be expected for this upcoming snowy season. Find out why!
Due to historically low gas and oil prices, along with a warmer winter forecast (fingers crossed), Capital Region residents can expect lower heating bills this winter! Home heating oil is down around $2.44 per gallon, which is 32% lower than it was at this time last year, according to the Times Union. This drop in price could save the typical customer about $900 this season!
Natural gas prices have also dipped in price. National Grid is charging 22.9 cents per therm for natural gas supply this month as compared to 30.3 last year. According to the Times Union, the northeast can expect to save around $70 this winter.
Additionally, we won’t have to use as much heat (hopefully!) The winter temperatures are predicted to be about 13% warmer than last year.
What do you think about the expected drop in heating bills this winter?