NIPSCO natural gas
residential customers can expect their overall bills during this year’s
winter heating season to be less when compared to last year, based on the
continued low cost of natural gas and assuming normal weather and usage.
Over the course of
the upcoming five-month winter heating season--Nov. 1 to March 31--NIPSCO’s
average natural gas residential customers using the system average of 625
therms total could expect to pay approximately $404 in total.
In comparison, last
year’s average bill for the same five months, had weather been normal, would
have been $441.
The projections by
$47 (2018: $52).
$75 (2018: $86).
--January 2020: $98
$104 (2019: $108).
--March 2020: $80
currently the second lowest-cost natural gas provider among Indiana’s 18
provider companies (Source: Indiana Utility Regulatory Commission,
Residential Natural Gas Bill Surveys as of October 2019),” the company said.
There are two
primary components of natural gas bills: the cost of the natural gas itself
and the cost of delivering the natural gas to customers. For the cost of
natural gas itself, NIPSCO passes it directly through to customers with no
markup. The cost of all components of NIPSCO’s gas service is reviewed and
approved by the Indiana Utility Regulatory Commission (IURC).
into account market forecasts, supply trends and storage levels, and are
based on normal weather projections,” NIPSCO noted. “If temperatures are
colder or warmer than normal, usage amounts and bills could differ.”
“To help ensure
customers receive the best price for natural gas, NIPSCO purchases gas in
the market from a variety of supply sources throughout the year,” the
“Gas storage is
also used to help offset market price volatility. NIPSCO’s gas distribution
system consists of two on-system storage facilities and is connected to
seven interstate pipelines providing access to major North American supply
Billing and Payment
Customers who are
experiencing financial difficulties are encouraged to call NIPSCO’s 24-hour
Customer Care Center as soon as possible to determine what options might be
available to offer help. Some of those solutions include the following:
-- Bill Payment
Assistance Programs: Based on income levels, customers may qualify to
receive state and federal utility assistance dollars as well as support
funds from separate NIPSCO programs by visiting their local community action
-- Budget Plan: A
free service to all NIPSCO customers to help manage their monthly energy
bills by spreading out gas costs over an entire year.
Arrangements: Allows customers to make an initial payment within four days
of the agreement, then spread the remaining unpaid balance over three
months, plus current bills as they are due.
information on billing options and payment assistance, visit NIPSCO.com/BillingPayment