Business & Tech

NSTAR Gas Prices Could Drop in May

The supply price for natural gas is expected to drop by 27 percent.

 

There is some good news in the works for Dedham residents who use NSTAR for gas. 

Customers can expect to see the supply price of natural gas drop by 27 percent by May 1, compared to last year, according to an announcement Tuesday by NSTAR. 

Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.

The company submitted a new supply for its off-peak season of about $0.35 per therm, a drop from about $0.47.

If the Massachusetts Department of Public Utilities approves the move, the average NSTAR customer who uses natural gas for heating, cooking and/or hot water will pay about $4.60 a month less than last year.

Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.

"NSTAR Gas customers continue to benefit from plentiful supplies and lower prices,” said Tom May, NSTAR Chairman, President and CEO in a statement. "A growing number of customers are turning to safe, reliable natural gas as their year-round fuel of choice."

If the price cut is approved, NSTAR customers using an average of 29 therms of gas a month between May and October will pay $33.20 a month, a decrease from $37.81, which represents a decrease of just over 12 percent on the total bill, including delivery and supply charges.

The proposed decrease reflects a continued decline in natural gas prices, largely due to newly available domestic supplies, NSTAR stated

Do you use NSTAR as your source for natural gas? If so, what do you think about the move? Let us know in the comments section below.


Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.

We’ve removed the ability to reply as we work to make improvements. Learn more here