Tuesday, October 19, 2021
HomeAlternative EnergiesNatural GasOhio natural gas suppliers are raising prices. Here's some advice.

Ohio natural gas suppliers are raising prices. Here’s some advice.

Natural gas prices have been increasing in recent months, and last week they went higher. I’ve compiled some things you need to know and some advice as we head toward the calendar’s coldest stretch. 


Prices are rising 

The price of natural gas has been slowly inching up in recent months. On Wednesday, the price on the New York Mercantile Exchange, which trades natural gas futures and is the basis for pricing, closed at its highest level in 12 years. That’s bad news for those of us who have been on the Standard Choice Offer or SCO, through Dominion. The October SCO, which was set based on Tuesday’s price, is going to be $5.99 per thousand cubic feet (mcf). It first started creeping up past $4 in August with $4.19/mcf and then again in September at $4.52/mcf. The price had been hovering in the $3 and $2 range for several years. 

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