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Heating bills to drop as PUB approves natural gas rate cut

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Natural gas prices will be dropping for Manitobans, just in time for colder weather to arrive.

The Public Utilities Board (PUB) announced Wednesday that a rate decrease has been approved for Centra Gas and will kick in the beginning of next month.

The PUB said the change will lead to a projected decrease on heating bills by about 10 per cent or $75 a year.

The decrease is for the Gas Commodity rate, which will go from $0.1352/m3 to $0.1021/m3 starting Nov. 1, 2023.

The Commodity Cost Balancing Deferral rate rider will also decrease from $0.0051/m3 to $0.0045/m3.

"Gas Commodity is sold on a cost recovery basis, meaning that Centra charges customers only what Centra pays for Gas Commodity and does not make a profit on its sale. The current Gas Commodity rate decrease is the result of decreases in the North American natural gas market prices," the PUB said in a news release.

The rate will be reviewed again for February 2024.

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