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Enbridge asking to raise natural gas rates 40%

They say the long cold winter has taken its toll on their stockpiles of natural gas...

If you heat with natural gas, your bill is about to rise.

And it's not a small jump either. How does 40% sound?

Enbridge has applied for a rate increase with the Ontario Energy Board. That increase, if approved, could work out to 400 dollars more for the average home.

A bill that would be $1000 a year, would now be $1400 a year.

Enbridge says what usually happens, is that they purchase and stockpile natural gas during the summer months, when it's less expensive.

What's happened now, is that because it's been such a long cold winter, those supplies are running low. That's forced Enbridge to purchase the more expensive natural gas to sell to you.

Other suppliers, particularly in Ontario and Quebec, are facing similar supply pressures and could raise their prices as well.

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  1. Karl Burgin posted on 03/13/2014 03:30 PM
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    I guess I'm going to have to resort to making my coffee at home. Because I couldv'e sworn that Bob Chairelli said that any increase in my gas bill would amount to a cup of coffee.

    All these increases everywhere- we are going to go bankrupt at this rate.
    1. dama posted on 03/13/2014 03:59 PM
      @Karl Burgin going bankrupt?? We are bankrupt now.. or at least I AM..

      no matter who is running Ontario,, no one can really resolves this issue..

      isnt Enegry board created to protect consumers? I doubt that. all these boards are run by CEOs that are appointed by the Liberal hence we are screwed..
    2. Karl Burgin posted on 03/13/2014 04:09 PM
      @dama I was kind of looking for the silver lining. With all the bull-crap going on these days, it's the small glimmer of hope that keeps me going.

      All I know is that the one constant I'm observing is the price of everything going up- as though these people think we can afford it.
      The major reason I see prices go up for everything is usually to coincide with the standard of living.
      I'm betting that the people they are ripping more money from, their standard of living has changed too- but they don't (aren't) getting compensated for it.

      And these fools wonder why the black market is so strong...
  2. Frankie posted on 03/13/2014 04:16 PM
    One year ago prices NG prices were the same they are today. About 5 years ago prices were 12% lower than they are today, so where's the 40% increase justified.

    NG prices have generally been at historic lows the last few years because of a huge glut of NG. Did Enbridge reduce our prices then?

    I hope the Ontario Energy Board isn't made up of Liberals that want to screw consumers but rather intelligent people that aren't fooled by this misrepresentation.
  3. Angry Bill posted on 03/13/2014 05:06 PM
    For years, I have felt despondent about anything having to do with big business and government. For those of you who have been here a while, you will notice that is a common theme for most of my posts. People have told me that I should try to see the good things in life, instead of focusing on the greedy, small-minded people who make up big business and government.

    However, I see a story like this, and I'm just shaking my head. Yeah, so they probably have a point. They need to buy more expensive gas, due to the weather we've been having. However, why am I pessimistic about their motives, then? 40% is a lot, particularly when it's already expensive.

    It seems that EVERYTHING is going up.. except our paycheques. Unless you are an executive, with a package. Then, you make hundreds of thousands, or millions, per year. And when they get fired for incompetence, they get millions more. Am I being pessimistic here, or realistic?

    Someone explain to me once again the benefits we are enjoying from being part of a great, democratic country where good, intelligent and thinking people can vote for politicians who represent their interests, politicians who are upright, moral, and serving the public good. A great country where politicians and high paid executives aren't in bed with one another. A country where big companies don't try to rip off the small consumer, knowing that they can't afford to pay a lot.

    Am I wrong to be pessimistic? Or should I just never come back here, and listen to the people telling me I just need to focus on the positive things in life?
    1. Yoki posted on 03/13/2014 05:27 PM
      @Angry Bill Well said, very well infact
  4. Karen posted on 03/13/2014 05:10 PM
    They raised the prices Oct 1, 2013, January 1 2014 and now April 1.... apparently they review and adjust their prices every 3 months, does that mean July 1 it goes up again. Have they ever adjusted the rates in our favor? Maybe we can stop them if enough people speak up. We have enough gas to sell to the US. Maybe they should raise their prices instead of ours.
  5. Brian W posted on 03/13/2014 08:31 PM
    If anyone believes this from Enbridge, then I have some bottom land in Florida I'd be willing to sell to you. Enbridge is just looking to add to the bottom line.
  6. Joseph posted on 03/14/2014 07:24 AM
    Yes, it's been a verrrrry cold winter, and we used a lot more gas.

    I thought when you purchased more of anything the per unit price went down.
  7. bradd posted on 03/14/2014 07:27 AM
    I ask the sanity of Endbridge's management who can seriously make a request that would devastate the economy and lives of people. I call this economic terrorism. I equate this request to show a mindset very similar to that of a terrorist who feel their goals are justified no matter the impact. I know they are asking for an outrageous amount in hopes a lower than 40% but higher than inflation will be seen as a compromise but again I question the sanity of those that justify this method of treating such a large increase. Put another way Endbridge is asking Ontarian's to loose jobs, put other businesses out of business, cause people to literally freeze in the cold. people to give up essential health care cost so that Endbridge can retain a large profit. How is this different than economic terrorism?
    Just because they are part of a capitalist system does not change my comment about them being economic terrorists since the mindset of many terrorist have a similar perception that their cause justifies their actions no matter the impact it has.
    Would we allow any group with a mindset that is willing to make demands that are devastating both economically and physically to Ontario to remain in control? Simply to ask for the 40% increase and be serious about it shows that those in charge of Endbridge make very questionable decisions and that they see them as rational is scary.
  8. Walter Oster posted on 03/14/2014 07:38 AM
    The cost of Natural gas goes far beyond that of Residential properties. Ou r elrctricity comes from GAS fired plants. Manufacturing, retail, apartment rental, office costs are all impacted with this increase. You can expect an overall increase in all consumer goods. We the consumer will experience a hell of a lot more that the additional cost of $400 per year.
  9. Peter posted on 03/14/2014 07:53 AM
    Makes you wish that you signed up with those door-to-door sales guys and locked in your rates last year.

    They'll probably go bankrupt anyway now that the price of NG has skyrocketed in the U.S. as well. Free trade is great until you have to pay market price for our own gas.
  10. Mark posted on 03/14/2014 08:04 AM
    Enbridge says they are RUNNING LOW. Fine, they are not out of gas, they are just low. The winter is coming to an end. They should be able to purchase a small quantity of gas at the higher price then top up in the summer when prices are low again.

    HELLO !!!!!!!!!!!! DO YOU HAVE BRAIN CELLS ??

    DO NOT TRY TO SCAM ME ENBRIDGE. JUST BECAUSE THE LIBERAL IDIOTS AT QUEENS PARK can't comprehend how to manage money does not mean I can't figure it out.

    Do not try to scam us.
    1. Peter posted on 03/14/2014 08:12 AM
      @Mark Apparently you don't understand the energy market...we pay the same price that everybody pays, even though it's our own gas. If the price in the U.S. goes up, we pay that price. Thank Mulroney and NAFTA for that, Enbridge is just the distributor and has no control over pricing.

      The alternative is that the government subsidizes energy prices, increasing taxes and the deficit...but Rob Ford would veto that because it would result in Toronto (a huge gas user) to raise our municipal taxes.

      You have any other ideas that will actually work?
    2. Karl Burgin posted on 03/17/2014 10:22 AM
      @Peter Well done in dropping Rob Ford's name in something he has absolutely no control over.

      Remember no one is ever in favor of increase in taxes. And if they must resort to such a thing, that would be at the bottom of the "things to try". And any (reasonable) mayor wouldn't want to raise taxes. Can't say the same for Miller, or any of the potentials running for the mayor's seat.
  11. Dave posted on 03/14/2014 01:39 PM
    Price increases, what's new? Enbridge don't care about their customers. I just waited 12 weeks for a new service install which was supposed to be completed early December. I invested in a new gas furnace. They jerk me around with inspections making up bogus code infractions. Now they tell me I'm going to have to pay 40% more for gas.
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