Energy Board approves rate changes for Union Gas

Ontario Energy Board
News Release

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TORONTO - Today the Ontario Energy Board (OEB) approved changes to the natural gas rates Union Gas Limited (Union) will charge its customers effective April 1, 2011.

The natural gas commodity price consumers will pay for the period of April 1st to June 30th, 2011 are seen in the chart above.

The change reflects a decrease in what Union forecasts it will have to pay for the natural gas it supplies its customers over the next 12 months, as well as changes to the gas price adjustment, and other related adjustments for the period of April 1, 2011 to June 30, 2011.

The gas price adjustment represents the difference between actual gas commodity prices and the prices that were forecast last quarter.

While natural gas commodity prices are decreasing, transportation charges to deliver gas to Union have increased.

The transportation charges are set by the National Energy Board and passed on to consumers.

As a result, residential consumers who purchase natural gas directly from Union and use 2,600 cubic meters (m(3)) a year will see an overall increase ranging from $28 to $62 per year on their bills.

For more detailed information about this announcement visit our web site at http://www.ontarioenergyboard.ca/OEB/Consumers/Natural+Gas/Natural+Gas+Rates.

The Ontario Energy Board regulates the province's electricity and natural gas sectors in the public interest.

It envisions a viable and efficient energy sector with informed consumers and works toward this vision through regulation that is effective, fair and transparent.

For more information on the Board, please visit our web site at www.ontarioenergyboard.ca.

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