Home heating costs this winter will be at their lowest in five years for Consumers Energy customers in Michigan.
Our average residential natural gas customer can look forward to saving about $50 in lower heating costs this winter. Compared to 5 years ago, an average residential customer’s bill this heating season is down about $200. In fact, we’ve lowered our fuel costs by 44 percent, saving customers $260 million this winter compared to five years ago.
Businesses also will save on heating and manufacturing when using natural gas. All customers – residential or business – who buy their gas from Consumers Energy will pay $4.59 per thousand cubic feet of natural gas as of Nov. 1. That is 14 cents below the next-lowest cost charged by the state’s six other major natural gas providers. VIDEO: Consumers Energy Offers Michigan’s Lowest Gas Price.
Consumers Energy makes no profit on the natural gas commodity we provide, so we are able to pass along all of the price savings to our retail sales customers. The company’s purchasing strategies and vast underground storage help us keep our price less volatile than the historical market price. Current GCR factor and 18-month historical pricing.
We’re working hard to lower costs for our customers as part of our Promise to Michigan to provide affordable and reliable service. We know that many family budgets are tight these days and every savings helps out.
Customers also can save more money by making their homes and businesses more energy efficient. There are many rebates and energy efficiency programs to choose from at www.ConsumersEnergy.com/save.