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Cold economy could cool heating bills

Posted September 9, 2009

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— The sluggish economy could lower the cost of residential heating bills this winter.

Lower demand for fuels has led utility companies to drop the costs that they usually pass along to consumers.

PSNC Energy is expected to charge 28 percent less than a year ago, which translates into a $38 savings for the typical residential natural gas bill.

Piedmont Natural Gas will charge about 16 percent less this winter.

Progress Energy has asked state regulators for a rate cut of less than 50 cents a month for the typical household.

Duke Energy raised its rates about 5 percent this month.

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  • howdiditgettothis Sep 9, 2009

    I doubt the "drop in demand" is what will lower the cost.

    Like the gas companies, your utilities company charges whatever they please.

    They'll report record profits when it comes around, too.

    Should anyone ever choose to come up with alternative fuel sources FOR REAL --- they get my vote and $$.

  • THE ETERNAL Sep 9, 2009

    What is Duke Energy's problem.