Natural gas will see a double-digit price decrease this fall, while electricity prices will rise.
Due to both mild weather and the recession, natural gas prices are expected to drop in the double digits this fall, while electricity prices are likely to move in the opposite direction.
Northwest Natural Gas Co. announced Monday that residential customers can expect a 14.5 percent rate reduction while commercial customers will see their bills decline by 17.5 percent. For the average residence, that’s about a $12 decrease. For the average business, it’s about $54…
But a low water year and decreased demand, coupled with safety and environmental enhancements, sent the Bonneville Power Administration’s electricity rates in the other direction. Wholesale power will go up on Oct. 1, but whether local utility customers will see a corresponding spike in their electric bill depends on where they live.
Read the full story at The Register-Guard.
{biztweet}Oregon natural gas electricity{/biztweet}
