All Albertans are looking for a bit of relief from inflation, but unfortunately, this winter, natural gas prices are expected to remain high. According to ARC Energy Research Institute, natural gas prices won't be going down anytime soon.
Energy prices across the country have been on the rise, and Alberta is no exception. Relative to the rest of the country, Alberta has not been hit the worst, but it's still expected that prices will remain high. This is due to a few factors, such as record-high demand from other provinces, as well as higher production and transportation costs.
The good news is that there are ways for Albertans to offset these rising prices. Consumers can shop around for the best energy rates and switch providers to find the lowest prices. Additionally, they can look into energy-efficient appliances and home insulation that will help reduce their energy bills.
Conserve More Energy This Winter
It's hard not to be pessimistic about the high natural gas prices this winter, but there are ways for Albertans to manage these costs. There may still be hope on the horizon, as the energy industry begins to shift and change in response to consumer demand. In the meantime, Albertans should stay informed and make smart decisions about their energy consumption this winter.
Natural gas is one of the most popular methods of heating homes and businesses in Alberta. In fact, nearly 60% of households in the province use natural gas as their primary source of heat. Many Albertans also rely on natural gas to power their furnaces and hot water tanks. This means that when prices go up, they not only have to pay more to heat their homes but also to keep their water warm. This can be a significant expense, especially for larger families or households with multiple bathrooms.
What Can You Do To Save Money?
Fortunately, there are a few things that you can do to help offset the cost of higher natural gas prices this winter. One option is to take advantage of Alberta's Affordability Programs, which offer a discount on natural gas and electricity bills for low-income households.
Another option is to make sure that your home is well-insulated so that you're not losing heat through drafty windows or doors. Finally, you can consider switching to an alternative heating source such as propane or electric heaters. While these may cost more upfront, they could end up saving you money in the long run if natural gas prices continue to rise. At Peace Power, we have a number of tips for winter energy savings you can read.
Overall, it's expected that natural gas prices will remain relatively high this winter. This will be an added expense for many Albertan families who use natural gas to heat their homes and power their furnaces and hot water tanks. If you are looking to switch utility providers, contact us at Peace Power to find out if Peace Power can help you save money on your utility bill this month.