My wife observed that our most recent natural gas charge was $48.11 compared to $255.94 a year ago. That’s huge difference. I started thinking about the causes of this drop, but it wasn’t until I investigated further that I discovered the dominant reasons.
The cause I was hoping for was the new furnace I had put in. No doubt this high-efficiency furnace helped, but not that much. The other obvious cause was the mild weather we’ve been having. Again, this helped, but isn’t enough to account for the big drop.
The first thing I noticed when comparing the details in the bills was that the charges are based on “estimated readings”. Over the years I’ve often found these estimates to be wildly inaccurate.
I almost stopped comparing the most recent bill to the year-old bill at this point when I saw the per-cubic-meter charge on the most recent bill was 12.9 cents. This seemed low compared to the last time I noted this figure. Sure enough, a year ago natural gas cost me 29.2 cents per cubic meter. That’s a drop of 56% in one year!
This has to be galling for people who have been tricked into paying premium rates on fixed-price contracts. These low prices may not last, but I’m happy to ride the roller-coaster of gas prices instead of paying a premium to lock in gas rates for a few years.