Natural gas prices set to dive in September
By Collin Gallant on September 2, 2017.
Medicine Hat News Natural gas prices have plunged in Medicine Hat for the month of September, according to utility rates published Friday, while power prices will also fall by a smaller degree. Local utility customers will pay $1.35 per gigajoule of gas used on residences and small to medium sized businesses. That rate is 40 per cent lower than the previous month and the lowest since an all-time local low of $1.04 was posted in spring of 2016. The price of electricity move slightly lower to 3.68-cents per kilowatt hour, a drop of two-tenths of a cent. Medicine Hat bases its price on the average charged by major utility suppliers throughout the province. Other gas providers are AltaGas ($1.211 in September), Direct Energy ($1.434) and Gas Alberta ($1.40). For electricity, six of ten comparable regulated rate options in centres around the province have a power rate higher than Medicine Hat’s. The highest is the Enmax default rate in Red Deer at 3.95-cents per kilowatt hour. Separate Epcor prices for the Crowsnest Pass and Fortis distribution area were the lowest at 3.32-cents. 10-9
