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.