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RG&E predicts lower winter heating costs for gas customers

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Rochester Gas and Electric (RG&E) has good news for its gas customers: winter heating bills are set to decline this season. RG&E forecasts a 30% drop in natural gas supply costs, translating to savings of around $40 for the average residential customer from November through March, compared to the previous year. However, the company does anticipate a slight uptick in electricity supply costs, with the average residential customer projected to spend nearly $40 more from December to March than in the prior year.

According to Pat Fox, senior director of Energy Services for RG&E, the anticipated decrease in gas supply costs can be attributed to boosted reserves in the U.S. and a reduced demand for liquified natural gas in Europe. “Assuming a standard winter climate, we anticipate the cost of natural gas to be significantly lower than last year,” stated Fox. Importantly, RG&E emphasizes that it merely passes on the actual purchasing costs of energy supplies without any financial gain.

Despite the optimistic forecast, RG&E acknowledges the potential strain of winter heating expenses. The company is highlighting various payment schemes, budget billing options, and energy-saving recommendations. Furthermore, starting November 1, 2023, customers can apply for the Home Energy Assistance Program (HEAP) – a federal grant initiative aimed at aiding eligible households with energy expenses and weatherization. Christine Alexander, VP of Customer Service for NYSEG and RG&E, said, “We’re dedicated to supporting our customers and urge them to leverage available financial assistance.” HEAP benefits will continue until March 15, 2024, or until depleted funds.

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