Quantcast

Vt. Gas announces rate cut - WCAX.COM Local Vermont News, Weather and Sports-

Vt. Gas announces rate cut

Posted: Updated:
SOUTH BURLINGTON, Vt. -

Just in time for winter, Vermont Gas has announced a drop in rates that will benefit all customers.

"This is a real opportunity for people to be able to cut their costs again because it's 44 percent less than fuel oil, 54 percent less than propane," said Steve Wark with Vermont Gas.

The rate reduction kicked in November 1st and will result in a 6-percent decrease in heating bills for residents and business owners. "In Chittenden and Franklin County we have 45,000 customers and residential customers represent about 88-percent of the meters," Wark said.

This is the 16th rate reduction Vermont Gas has passed on to customers since 2008 thanks to the growing abundance of natural gas in North America.  

"I have it at home, I have three furnaces that I have to run at work," said Eric Provost, co-owner of Twisted Wrench Auto Repair. He says he has been a customer for 17 years. "It's gonna save me a lot of money and I think it will also do that anywhere -- it's just cheaper, it's that simple," he said.

But when it comes to staying warm during the cold months, most Vermonters don't have access to natural gas and rely on oil or propane. And those people are paying a lot more. When you compare fuels by the amount of energy they produce, natural gas costs $19.31 per a million BTUs. Fuel oil can run upwards of $33.43. And Propane costs more than $41 per million BTUs. "And if you're using electricity to produce heat your as high as $40, or even $41 or $42 for a million BTUs," said Jake Marin, an Efficiency Vermont Energy Consultant.

Another option some Vermonters have turned to is heat pump technology, a system that pulls energy from the air or ground and turns it into heat. "These systems are so efficient that you can actually get a million BTUs worth of heat energy for only $12 or $13 so, comparable to natural gas," Marin said.

The costs associated with heating a home are cheaper for residents who choose wood or pellets -- between $14 and $19 dollars per heating unit. But experts say no matter what kind of fuel you are burning, you can cut your costs by property insulating your home and keeping that heat inside.

  • Local NewsMore>>

  • Burglary suspects caught

    Burglary suspects caught

    Friday, August 22 2014 11:14 PM EDT2014-08-23 03:14:49 GMT
    Vermont State Police nabbed a pair of suspected burglars and believe they're linked to several other crimes.
    Vermont State Police nabbed a pair of suspected burglars and believe they're linked to several other crimes.
  • Sen. Jim Jeffords laid to rest

    Sen. Jim Jeffords laid to rest

    Friday, August 22 2014 8:12 PM EDT2014-08-23 00:12:17 GMT
    Sen. Jim Jeffords was one of Vermont's beloved public servants, with a career that took him from the hills of Shrewsbury to the U.S. Senate. Friday, in his hometown of Rutland, James Jeffords was laid to rest.
    Sen. Jim Jeffords was one of Vermont's beloved public servants, with a career that took him from the hills of Shrewsbury to the U.S. Senate. Friday, in his hometown of Rutland, James Jeffords was laid to rest.
  • Is it safe to move accused killer Elizabeth Teague?

    Is it safe to move accused killer Elizabeth Teague?

    Friday, August 22 2014 7:09 PM EDT2014-08-22 23:09:17 GMT
    The Vt. Dept. of Mental Health says scarce resources are part of the push to relocate alleged workplace shooter Elizabeth Teague to a facility with fewer regulations. Elizabeth Keatinge was at Friday's hearing.
    The Vt. Dept. of Mental Health says scarce resources are part of the push to relocate alleged workplace shooter Elizabeth Teague to a facility with fewer regulations. Elizabeth Keatinge was at Friday's hearing.
  • Police investigate death of 13-year-old in Hardwick

    Police investigate death of 13-year-old in Hardwick

    Friday, August 22 2014 8:10 PM EDT2014-08-23 00:10:40 GMT
    Investigators say a teen was found dead at a home in Hardwick Friday morning.
    Investigators say a teen was found dead at a home in Hardwick Friday morning.
  • Vt. police say all clear in Newport

    Vt. police say all clear in Newport

    Friday, August 22 2014 11:12 AM EDT2014-08-22 15:12:45 GMT
    Police say the threat is over in Newport. Thursday night, police had asked residents to lock their doors and stay inside while authorities searched for a gunman.
    Police say the threat is over in Newport. Thursday night, police had asked residents to lock their doors and stay inside while authorities searched for a gunman.
  • NY police try to ID pharmacy burglar

    NY police try to ID pharmacy burglar

    Friday, August 22 2014 3:39 PM EDT2014-08-22 19:39:59 GMT
    New York State Police hope the public can help identify a burglar.
    New York State Police hope the public can help identify a burglar.
  • Williston police try to ID paint thief

    Williston police try to ID paint thief

    Friday, August 22 2014 4:11 PM EDT2014-08-22 20:11:41 GMT
    Police are investigating an unusual theft at the Wal-Mart in Williston.
    Police are investigating an unusual theft at the Wal-Mart in Williston.
  • Driver of overweight big rig nabbed in Vermont

    Driver of overweight big rig nabbed in Vermont

    Friday, August 22 2014 8:20 PM EDT2014-08-23 00:20:31 GMT
    The Vermont Department of Motor Vehicles says a trucker carrying part of a giant crane to a state bridge job had too much weight on his rig and too much alcohol in his system.
    The Vermont Department of Motor Vehicles says a trucker carrying part of a giant crane to a state bridge job had too much weight on his rig and too much alcohol in his system.
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WCAX. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.