Gas home heating costs are set to rise as furnaces come on for the cool fall weather.
Interim Ontario NDP leader Peter Tabuns has called on the Doug Ford government to help families struggling with higher bills.Sign up to receive daily headline news from the Ottawa SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
Average natural gas prices are set to rise Oct. 1 by $64.80 annually to $163.83 a year for a typical residential user depending on the provider, the Ontario Energy Board says.Article content“Natural gas is a commodity that is bought and sold on North American energy markets,” the OEB said in a statement. “At any given time, its price fluctuates based on a variety of factors including supply and demand, seasonal changes, levels of stored natural gas, and major weather events.
Palmer Lockridge, a spokesperson for Energy Minister Todd Smith, said the NDP support carbon taxing and campaigned against lowering the gas tax during the spring election.The OEB reviews natural gas rates every three months and does not permit utilities to earn a profit on the sale of the commodity, he said.
“These rates reflect the rise and fall of the global price of natural gas which are currently being driven by global events, including Russia’s unprovoked invasion of Ukraine,” Lockridge said.
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