Prepare for Cold Weather with Warm Natural Gas Fixed Rates
ResidentialAug 18, 2022
While we are still enjoying the warm temperatures and sunshine, it may not seem like the right time to think about keeping your home warm during the winter. However, preparing in the fall could help you avoid seasonal price increases on your energy bill that can come with colder temperatures. If you live in Ohio, you can secure a fixed rate for your natural gas to stabilize your home’s energy bill during the winter months.
What’s the benefit of securing your natural gas rate?
Utilities typically do not provide a fixed price for natural gas, which means you end up paying a fluctuating market price for this commodity. There are a variety of factors that impact the price of natural gas, including supply and demand, weather and more. Partnering with a supplier, like AEP Energy, to secure a fixed rate natural gas price plan locks in that component of your energy bill and lets you know what to expect for the duration of your plan.
When should I lock in my natural gas rate?
Demand for natural gas is at its highest in the winter when homeowners are trying to keep their buildings warm. With an increase in demand comes a decrease in supply and consequently an increase in price. Additionally, winter weather can be unpredictable and volatile weather can cause steep spikes in natural gas prices, like the Polar Vortex of 2014. Prices for natural gas tend to be lower in the fall and spring, before and after the winter months. Preparing now could protect your home or business from volatile winter pricing.
What do I do now?
It’s not too early to secure your fixed natural gas rate. Check out AEP Energy’s fixed rate natural gas plans to select one that is right for your home.
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