DAYTON — In response to continued low, stable natural gas prices, Vectren Energy Delivery of Ohio (Vectren) gas customers enrolled in Budget Bill will see average reductions of 10 percent in their monthly amounts due.
“Given the stability in the market price of natural gas and using normalized weather data, customers participating in the Budget Bill program will experience a significant decrease in their gas bills,” said Colleen Ryan, president of Vectren Energy Delivery of Ohio. “This adjustment should be reflected on August billing statements.”
Under the Budget Bill payment plan, a customer’s estimated annual gas service costs are spread out in equal monthly bill amounts for the year. Monthly payments are based on past energy consumption over 12 months for the residence, forecasted natural gas costs and normal weather. Typically, amounts are adjusted annually in the summer for actual costs, and the customer’s credit or amount due rolls into the next calculation. However, many customers on Budget Bill also had an adjustment applied in February 2016 to reflect lower than expected natural gas prices.
“Even though most Budget Bill customers will experience a decrease in payment, they should still focus on ways to use energy wisely through conservation and energy efficiency measures to lower bills even further,” added Ryan. “Vectren has a number of resources that can help, including rebates on high-efficiency heating and air conditioning equipment and low- and no-cost energy efficiency tips.”
Some Vectren Budget Bill customers may not see as large of a decrease due to the timing of their enrollments or variances in historical consumption. Residential customers, certain small businesses, small farms, schools and not-for-profit organizations in good financial standing with Vectren are eligible for Budget Bill. Customers can enroll for free at www.vectren.com or by calling 1-800-227-1376.