Each year, NIPSCO
is projecting higher natural-gas bills during the upcoming five-month winter
residential customers should expect to pay approximately $7.50 more per
“The primary reason
for the difference is the newly approved natural gas rates that took effect
Oct. 1, as the commodity cost of natural gas itself is expected to remain
flat to slightly less than last winter,” NIPSCO said in a statement released
“Actual bills vary
by customers depending on the home’s age and size, number in the household,
number and age of gas appliances, thermostat settings, and insulation
levels,” NIPSCO added.
Over the course of
the upcoming five-month winter heating season--Nov. 1 to March 31--NIPSCO’s
average residential gas customers using the system average of 622 therms
could expect to pay approximately $423 in total, compared to about $386 last
By comparison, five
years ago during the 2013/2014 winter heating season, customers spent a
total of $536 for the same five winter months.
“There are two
primary components of natural gas bills: the cost of the natural gas itself
and the cost of delivering the natural gas to customers,” NIPSCO said. “For
the cost of natural gas itself, NIPSCO passes it directly through to
customers with no markup. The cost of all components of NIPSCO’s gas service
is reviewed and approved by the Indiana Utility Regulatory Commission (IURC).”
into account market forecasts, supply trends and storage levels, and are
based on normal weather projections. If temperatures are colder or warmer
than normal, usage amounts and bills could differ.
“To help ensure
customers receive the best price for natural gas, NIPSCO purchases gas in
the market from a variety of supply sources throughout the year,” NIPSCO
noted. “Gas storage is also used to help offset market price volatility.
NIPSCO’s gas distribution system consists of two on-system storage
facilities and is connected to seven interstate pipelines providing access
to major North American supply basins.”
Customers who are
experiencing financial difficulties are encouraged to call NIPSCO’s 24-hour
Customer Care Center as soon as possible to determine what options might be
available to offer help. Some of those solutions include the following:
Assistance Programs: Based on income levels, customers may qualify to
receive state and federal utility assistance dollars as well as support
funds from separate NIPSCO programs by visiting their local community action
* Budget Plan: A
free service to all NIPSCO customers to help manage their monthly energy
bills by spreading out gas costs over an entire year.
Arrangements: Allows customers to make an initial payment within four days
of the agreement, then spread the remaining unpaid balance over three
months, plus current bills as they are due.
information on billing options and payment assistance, visit NIPSCO.com/BillingPayment