Natural resources driving down expected winter heating costs - WNEM TV 5

Natural resources driving down expected winter heating costs

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Cold temperatures continue across mid-Michigan. Cold temperatures continue across mid-Michigan.
BAY CITY, MI (WNEM) -

Turning up the thermostat when the weather gets colder usually means cranking up your heating bill.  But your statement should be lower by about a $100 this winter season in the months leading up to next March.

"This is the lowest that prices have been since 2001," said Debra Dodd, from Consumers Energy.

Why will it be cheaper to bump up this thermostat this coming winter than last year? We went to the folks at Consumers Energy and asked them.

"That's due to lower commodity costs, and the fact that Mother Nature has been very good to our company," Dodd said. "We have 15 naturally occurring underground storage facilities and so we're able to buy gas when it's cheaper in the summer, store it underground and then supply it to our customers when they need it in the winter."

Fracking could be another reason there is a plentiful supply of natural gas. 

"I think that is part of it, yes, I know that the Michigan Public Service Commission has mentioned that," Dodd said.

For tips and tricks on how to save money on energy during the upcoming winter months, check out Consumers Energy’s guide.

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