WKYT | Lexington, Kentucky | News

Home heating costs expected to fall

By: Kari Hall Email
By: Kari Hall Email

LEXINGTON, Ky. (WKYT) -- If you use natural gas to heat your home, expect to see a drop in the cost to keep warm this Winter. According to the Kentucky Public Service Commission, there has been a 43 percent drop in natural gas costs over the last four years.

With several cold snaps already this season most likely you've flipped on the furnace to stay warm. That's why it's good news that natural gas prices are the lowest in years.

"In the past few years they've been declining and right now at a 15 year low. There were shale natural gas finds that were uncovered in OH and PA. That has added more gas to the market and therefore the price has dropped a little bit," says Lisa Smith of Columbia Gas.

A cold, harsh Winter could offset those savings from lower natural gas prices. That's why customers should make sure their home is as energy efficient as possible.

"We offer free home energy checkup to our residential customers. This is a perfect time of year to have us come to spend an hour with you. They would walk through your house and let you know where you can add some insulation, seal up some windows, doors, cracks, things like that to help you home use you energy more wisely," says Smith.

On Monday, heating assistance programs begin from the Community Action Council. If you are having a hard time paying your utility bill, contact your local Community Action Council for more information.

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