logo


Heating Bills Expected to Be Lower This Winter
Saturday, October 10, 2009 12:51 PM


(Source: Detroit Free Press)trackingBy Kathleen Gray, Detroit Free Press

Oct. 10--There will be plenty of available heat this winter and at lower costs, according to the utilities and the Michigan Public Service Commission.

"The outlook shows that energy supplies in Michigan this winter will be more than adequate to anticipated demand," according to the Michigan Public Service Commission's annual energy appraisal.

And both Consumers Energy and DTE Energy said Friday that a steep drop in the price of natural gas will cause bills to shrink this winter.

"Last year, the average monthly bill was $178 and it will be about $10 lower this year," said Scott Simons, spokesman for DTE Energy, which has about 1.2 million natural gas customers in the state.

Consumers Energy, which serves about 1.7 million Michigan households including 1.5 million in metro Detroit, expects the average $156 monthly bill will go down by $2 or $3 a month, said Dan Bishop, spokesman for the utility.

In addition to the drop in the price of natural gas, customers are also using less energy, the utilities reported.

"They're insulating their homes and dialing down their thermostats," Simons said.

After a colder than normal winter last year, the National Weather Service is predicting that the coming winter will be warmer, further depressing demand for heat.

The MPSC also reported that vehicle gasoline sales will continue to decline, continuing a six-year trend of lower sales. Projected sales over the next year are 4.2 million gallons in Michigan, down from the 4.3 million gallons purchased in 2008.

Contact KATHLEEN GRAY: 313-223-4407 or kgray99@freepress.com

-----

To see more of the Detroit Free Press, or to subscribe to the newspaper, go to http://www.freep.com

Copyright (c) 2009, Detroit Free Press

Distributed by McClatchy-Tribune Information Services.

For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

NYSE:DTE,

A service of YellowBrix, Inc.



(0)
No Comments
Post Comment
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
   
 
 
 
 
   
 

  
Related Press Releases
Advertisement
Popular Articles
Advertisement
Partner Center
Fundamental data is provided by Zacks Investment Research, market data is provided by AlphaTrade. , and Commentary and Press Releases provided by Quotemedia