A fixed energy rate plan allows you to avoid the uncertainty of changing energy prices and pay the same fixed rate monthly for your energy usage.
Energy rates can change due to a lot of factors, many of which are unforeseeable and can cause a drastic change in the price of energy. Government policy, trade wars, natural disasters, and many other unanticipated happenings can cause the price of energy to skyrocket. As a homeowner, you would surely want a level of consistency when it comes to your bills. The fact that so many things out of your control affect your monthly spending may give you anxiety. Fixed energy rate plans allow for you to have peace of mind by knowing that your energy rate will remain unchanged by whatever is currently happening in the world.
In June, the Ontario Energy Board approved a 20 per cent increase in natural gas for companies like Enbridge.
From grocery costs to car loans, inflation is drastically affecting Canadians and their wallets, but another high price tag is likely on the way.
Home heating costs will spike as much as 30 per cent, tied to the price of natural gas, which, as many drivers know, has steadily risen in 2022.
Natural gas rates can be affected by a multitude of factors which affect the supply and demand for the resource on the market.
Price fluctuations in natural gas prices are due to changes in the supply and demand of the resource. As supply and demand changes, the price changes accordingly to bring natural gas back to its equilibrium price. A price equilibrium is the price at which supply and demand are equal and the market’s needs are met. These changes in supply and demand affect your natural gas rates so it’s best to understand exactly what causes these price fluctuations.
Ontario natural gas rates are regulated to give consumers the benefit of a stable and fair price for their natural gas usage.
In Ontario there are three regulated natural gas providers, these being: Union Gas, Enbridge Gas, and Natural Resource Gas. Consumers in Ontario are able to choose whether they would like to have their natural gas provided to them at a competitive rate through a retailer or from their local utility. Though there are only three regulated natural gas providers, there are many competitive retailers to choose from. The Ontario Energy Board (OEB) are who regulate the Ontario natural gas rates. The OEB has developed a code of conduct for gas retailers which provide consumers with a level of protection on the energy market. They also determine the cost associated with transmitting, storing, and delivering the natural gas. The price of natural gas is affected by a variety of factors and it can change based on the time of year, the market, weather patterns, major weather events, etc.
Our actions have an impact on the environment whether we like it or not, but doing a good deed for the planet can be as easy as switching to LED lights in your home.
We all know that as human beings, the choices we make have a huge impact on the future of our planet and the future generations that will inhabit it. For this reason, we should all have a level of responsibility for our personal impact on the world. Technological advancements have given us the option to choose environmentally friendly products that reduce our carbon footprint. A small but impactful change that you can make in your home to help the environment is to switch to LED lights.
Effective January 1, 2019, Enbridge Gas Distribution Inc. and Union Gas Limited amalgamated to form one single utility, Enbridge Gas Inc.
Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced it will move forward with the amalgamation of its Ontario based utilities, Enbridge Gas Distribution Inc. (Enbridge Gas Distribution) and Union Gas Limited (Union Gas), with an expected effective date of January 1, 2019.
This decision follows a detailed review of the parameters of the regulatory approval received from the Ontario Energy Board on August 30, 2018, and the approvals of the board of directors of each of Enbridge, Enbridge Gas Distribution and Union Gas.