Energy Department forecasts higher heating bills

1 month 3 weeks 3 hours ago October 14, 2016 Oct 14, 2016 Friday, October 14 2016 Friday, October 14, 2016 5:52:00 PM CDT in News
By: Shelly Hagan, KOMU 8 Reporter

COLUMBIA - The U.S. Energy Department forecast higher winter energy prices for four main heating fuels: natural gas, heating oil, electricity and propane.

The projected increase is due to a colder winter forecast paired with higher energy demand.

Connie Kacprowicz, public information specialist for Columbia Water & Light, said the peak in the utility bills during the winter will be due to natural gas used in household furnaces.

According the the Energy Department, natural gas prices are expected to rise 22 percent on a national average.

Ameren Missouri provides the natural gas for Boone County households, Kacprowicz said.

Jim Massmann, director of gas supply for Ameren Missouri, said customers should expect an increase but not as high as the forecast average.

"We do those sort of hedging things and put gas in storage over the summer time periods when gas prices are lower so our customers won't see a full increase of 20 percent," Massmann said.

He said it is common for utility companies to hedge prices by buying extra gas in off peak months when the prices are lower.  He said prices last year were kept down by improvements in natural gas production and a warmer winter.

Massmann said gas prices this winter will still be much cheaper than they were three, four and five years ago.

"We are seeing affect of greater supply," Massmann said.

Most of Missouri's gas utility companies will be filing winter rates within the next few weeks, he said.

 

 

More News

Grid
List
COLUMBIA — John Alspaugh and his family own the Hinkson Creek Farm, including its very popular Christmas tree patch of... More >>
5 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 1:23:00 AM CST in News
STURGEON — Mid-Missouri drivers experienced trouble on the roads Sunday after a mix of snow and rain spurred multiple accidents... More >>
8 hours ago December 04, 2016 Dec 4, 2016 Sunday, December 04 2016 Sunday, December 04, 2016 10:13:00 PM CST in News
COLUMBIA — A proposed overhaul to a section of Columbia city code could soon make the city's parks more friendly... More >>
12 hours ago December 04, 2016 Dec 4, 2016 Sunday, December 04 2016 Sunday, December 04, 2016 5:53:00 PM CST in News
BRANSON (AP) — Authorities are investigating after a fire damaged a resort condominium building under construction in Branson. ... More >>
12 hours ago December 04, 2016 Dec 4, 2016 Sunday, December 04 2016 Sunday, December 04, 2016 5:51:00 PM CST in News
CAPE GIRARDEAU (AP) — The New Madrid Fault has had a fair amount of minor seismic activity in recent weeks.... More >>
12 hours ago December 04, 2016 Dec 4, 2016 Sunday, December 04 2016 Sunday, December 04, 2016 5:42:00 PM CST in News
KANSAS CITY (AP) — A horse drawn carriage was involved in an accident on the Country Club Plaza, injuring three... More >>
12 hours ago December 04, 2016 Dec 4, 2016 Sunday, December 04 2016 Sunday, December 04, 2016 5:41:00 PM CST in News
NAYLOR (AP) — Two southeast Missouri men have been honored as heroes for saving a man and his toddler son... More >>
18 hours ago December 04, 2016 Dec 4, 2016 Sunday, December 04 2016 Sunday, December 04, 2016 12:04:00 PM CST in News
COLUMBIA — The first Chocolate Festival in Columbia will allow mid-Missouri residents to snack on tasty treats while giving back... More >>
1 day ago December 04, 2016 Dec 4, 2016 Sunday, December 04 2016 Sunday, December 04, 2016 5:16:00 AM CST in Top Stories
CAMDEN COUNTY — One man was airlifted to the hospital Friday after his vehicle overturned. According to the Missouri... More >>
1 day ago December 03, 2016 Dec 3, 2016 Saturday, December 03 2016 Saturday, December 03, 2016 9:22:00 PM CST in News
KANSAS CITY (AP) — Authorities are investigating after tools and equipment were stolen from a Kansas City woodworking shop where... More >>
1 day ago December 03, 2016 Dec 3, 2016 Saturday, December 03 2016 Saturday, December 03, 2016 8:54:00 PM CST in News
KIRKSVILLE — The Kirksville Arts Center broke out in flames Friday evening. According to an email from the Kirksville... More >>
1 day ago December 03, 2016 Dec 3, 2016 Saturday, December 03 2016 Saturday, December 03, 2016 7:42:00 PM CST in News
COLUMBIA — A film about the life of a Missouri artist and politician was shown for free on Saturday. ... More >>
1 day ago December 03, 2016 Dec 3, 2016 Saturday, December 03 2016 Saturday, December 03, 2016 6:09:00 PM CST in News
JEFFERSON CITY — Stephen Webber is set to serve as the new chair of the Missouri Democratic Party after winning... More >>
1 day ago December 03, 2016 Dec 3, 2016 Saturday, December 03 2016 Saturday, December 03, 2016 4:12:00 PM CST in News
COLUMBIA — People came to celebrate Kwanzaa early this year at the Progressive Missionary Baptist on Saturday. The African-American... More >>
1 day ago December 03, 2016 Dec 3, 2016 Saturday, December 03 2016 Saturday, December 03, 2016 4:05:00 PM CST in News
SPRINGFIELD (AP) — A Missouri woman faces 12 years in federal prison for leading a fraud scheme. The U.S.... More >>
1 day ago December 03, 2016 Dec 3, 2016 Saturday, December 03 2016 Saturday, December 03, 2016 3:29:00 PM CST in News
COLUMBIA — Over 40 local authors showed off their work and networked with other writers at the Local Authors Open... More >>
1 day ago December 03, 2016 Dec 3, 2016 Saturday, December 03 2016 Saturday, December 03, 2016 2:55:00 PM CST in News
COLUMBIA - Around 10 a.m. Saturday, a man driving his car northbound near Highway 63 and Stadium flipped over. No... More >>
1 day ago December 03, 2016 Dec 3, 2016 Saturday, December 03 2016 Saturday, December 03, 2016 11:38:33 AM CST in Top Stories
JEFFERSON CITY (AP) — Missouri lawmakers have struggled to find a way to pay for repairs along thousands of miles... More >>
1 day ago December 03, 2016 Dec 3, 2016 Saturday, December 03 2016 Saturday, December 03, 2016 10:59:00 AM CST in News
Columbia, MO
Broken Clouds 30°
7am 30°
8am 31°
9am 35°
10am 39°

Select a station to view its upcoming schedule:

Coming Up Next

6:00a
KOMU 8 News Today
7:00a
Today
11:00a
Rachael Ray
6:30a
King of the Hill
7:00a
Cheaters
7:30a
Cops Reloaded

Tonight's Schedule

7:00p
The Voice
9:01p
Timeless
7:00p
Supergirl
8:00p
Supergirl
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld