March natural gas bills will see large decrease |

March natural gas bills will see large decrease

Warmer than normal temperatures across the nation have resulted in lower natural gas use and costs according to PG&E.

This will lead to an expected decrease of 36.8 percent in March bills for PG&E’s residential customers, compared to last month. The average residential bill for March is predicted to be $68.05 compared to last month’s bill of $107.60. Nonetheless, the cost of natural gas still remains 24 percent higher than March 2005.

Both spot and near-term forward prices have continued to fall in the past month. The result is lower prices and ample storage to meet the remainder of the heating season throughout the U.S., including northern and central California, PG&E said.

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