Effective April 1, 2023, the price of gas and gas transportation will be decreasing by $0.068391 per cubic meter to $0.179915 per cubic meter. The Ontario Energy Board has approved this change to reflect the prices that EPCOR expects it will be paying to suppliers through to the end of March, 2024.* On your gas bill this cost is on the line titled “Gas Commodity”.
As well, the federal carbon charge will increase from $0.0979 per cubic meter to $0.1239 per cubic meter.
How will these price changes affect you?
That will depend on the amount of gas you use. For a typical residential customer who consumes approximately 2,150 cubic meters of gas annually, this price change will reduce your heating costs by approximately $147 per year. For customers who have arranged to have their gas supplied by a gas marketer/broker, the price may or may not change depending on the terms of the contract the customer has with the gas marketer/broker.
For a typical residential customer who consumes approximately 2,149 cubic meters of gas annually, the federal carbon charge will cause your heating costs to increase by approximately $56 per year.
Overall, a typical residential customer should see their bill decrease by $91 per year.
*Note: Transportation costs refer to costs to get gas into the system; delivery costs refer to the costs to get gas to a specific property. As a regulated utility, EPCOR is permitted to recover what it pays for the purchase of gas plus any costs reasonably associated with this purchase, but with no mark up or ‘profit’. The price on your bill is based on forecasted gas and transportation costs, which are reviewed by the OEB and reconciled with actual costs. The gas portion gets adjusted regularly throughout the year as the price of gas changes.