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Board approves natural gas rate hike

You'll be paying nearly $400 more over the next year after the Ontario Energy Board approved the increase

Many Ontarians who rely on natural gas to heat their homes will find themselves shelling out a lot more.
    
Enbridge Gas Distribution Inc. says the Ontario Energy Board has approved new rates effective April 1.
    
The increase means nearly $400 over the next year for the average Enbridge customer, who normally would pay roughly $1,000 annually for natural gas.
    
Enbridge (TSX:ENB) says the OEB's approval is on an interim basis while the board considers steps to smooth costs for customers.
   
 Enbridge's applied for the increase earlier this month, a few weeks after predicting that its massive storage capacity should mute any price increase. But the utility says it was forced to buy more natural gas (at a much higher cost) than expected and it must recover those costs.
    
``We respect the decision and the interim order of the Ontario Energy Board and its desire to further review the bill impact on customers following our coldest winter in 25 years,'' Malini Giridhar, the vice president of Enbridge Gas Distribution said in a statement.
   
Former Liberal MP and energy market watcher Dan McTeague has predicted the price hike will work out to $500 dollars once taxes are factored in.
    
Enbridge says the full effect of the increase is not expected to be felt by most homeowners until next winter. Other gas utilities in central Canada are expected to follow suit.
    
Households heating with propane and oil have already experienced a price shock this winter.
    
Propane customers in eastern Ontario and western Quebec saw their home heating bills nearly double in January and February compared with what they were paying in November.
  

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  1. Angry Bill posted on 03/28/2014 12:56 AM
    These people are all telling each other this is justified. Sure, everyone in the province can easily afford another 500 bucks out of their pockets. I mean, eating is overrated, right?

    The cost for everything keeps going up, and governments keep increasing fees, fines, taxes and even solicit for donations to get the rest of our money that they haven't managed to steal, and yet our paycheques don't go up.

    No problem here. Move along. We're Canadians. That means we happily bend over and take it.
  2. Frankie posted on 03/28/2014 07:27 AM
    They must have picked the absolute highest point to use for their increase. Look more closely and the price of gas hasn't gone up nearly as much, but why would we expect the Energy Board to get off their behinds to verify this. I've looked at the prices over the last year and prices haven't gone up anywhere near 40%.

    Did we get decreases when the prices of natural gas fell to the lows?
  3. Switching to Oil posted on 03/28/2014 08:55 AM
    This is RIDICULOUS!! There's NO way costs have increased by 40%.

    If I was Hudak this would be a major compaign topic.

    $400 extra per year is literally going to put fixed income seniors on the street.
  4. Karl Burgin posted on 03/28/2014 09:33 AM
    So what's below dirt poor? Because whatever it is, after reading this, I think I've finally arrived.
  5. ToddK_2 posted on 03/28/2014 10:13 AM
    I know someone high up in the Ontario Government; there is no dollars for these criminals to take since everyone is strained, the only way they can get their bonuses and pay hikes is through our pocket books. Make no mistake, part of that 40% is their gravy.

    You can blame the NDP for keeping this corrupt government alive, they are about to fall so everyone going to try and gun for more money before this Government falls.
  6. john posted on 03/28/2014 10:58 AM
    one qustian

    how munch money did thay pay the Bord to approve the price increase . this is only going to have people switch to better things like wood stoves . wood pellets stoves and the like . the only natural gas should be the stuff that comes out of your ass after eating a tone of brown beans .
    1. Karl Burgin posted on 03/28/2014 12:14 PM
      @john Are you actually saying that you think something corrupt is afoot?!?!?

      Why, that's just preposterous?
      Wynne saying her government is the new "steady hand" of Ontario- this possibly cannot happen under her watch. Why, this would contradict all the 'fuzzy clouds and pink rainbow' sentiment she's trying to convey.

      Ridiculous John- simply ridiculous ;p

      Remember- she's no Dalton McGuinty......lol
    2. Karl Burgin posted on 03/28/2014 12:15 PM
      @Karl Burgin "Remember- she's no Dalton McGuinty......lol"

      Although I can't remember if that was before or after I heard her chanting "Dalton, Dalton Dalton..."
    3. john posted on 03/28/2014 01:40 PM
      @Karl Burgin EVERYTHING run by the government is corrupt . simple as thats .
  7. Ger posted on 03/28/2014 03:28 PM
    Its amazing at how gas prices go up but the other products that are made with crude dont fluctuate or go up. Heres a list, motor oil, plastic products, bottles, and the list goes on. RIP OFF AND BS!! Time for Hemp to come back as fuel. Cleans the air when it grows and it wont pollute the planet like when oil is drilled.
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