NIPSCO residential customers in Northern Indiana should expect lower heating bills this winter.
The Merrillville-based utility said overall heating costs should be lower for the coming winter heating season, Nov. 1 through March 31, when compared to last year. The projection is based on the continued low cost of natural gas and assuming normal weather and usage.
NIPSCO’s average natural gas residential customers using the system average of 625 therms total could expect to pay approximately $404 in total. In comparison, last year’s average bill for the same five months, had weather been normal, would have been $441, the utility said.
Natural gas bills include two components, NIPSCO said. The cost of the natural gas itself and the cost of delivering the natural gas to customers.
For the cost of natural gas itself, NIPSCO passes it directly through to customers with no markup. The cost of all components of NIPSCO’s gas service is reviewed and approved by the Indiana Utility Regulatory Commission.
Northern Indiana Public Service Co. serves about 820,000 natural gas and 460,000 electric customers across 32 counties in Northern Indiana.
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