MERRILLVILLE, Ind. (WANE) Because of an increase in the cost of natural gas, NIPSCO is forecasting higher heating bills for the upcoming five-month long winter heating season. Despite the increase, the utility predicts bills will be about $100 lower than two winters ago and among the lowest of the decade.
In a news release sent out Thursday morning, NIPSCO indicated the average residential customer using 626 therms of natural gas can expect to pay $399 to heat their home from November 1 to March 31. That compares to a $321 cost for the same period last winter.
According to NIPSCO, the projections take into account market forecasts, supply trends and storage levels, and are based on normal weather projections. If temperatures are colder or warmer than normal, usage amounts and bills could differ from what is projected.
NIPSCO also blames the higher bills on higher natural gas costs, as well as investments made by NIPSCO to modernize the natural gas infrastructure to be safer and more reliable.
The Indiana Utility Regulatory Commission has compiled a comparative list of natural gas providers in Indiana so consumers can see how costs compare between utilities.