Temps Up, Gas Prices Down
With higher electricity use in summer, we often see spikes in natural gas prices. This is because we produce most of our electricity by burning natural gas, according to the EIA. However, this summer we are seeing some GA gas prices even lower than in the spring! Thanks to some milder weather and high natural gas production and storage levels this year, it’s a great time to lock in the cheapest natural gas plan. Let’s look at our natural gas providers and see which summer gas rates squeak lower.
Gas Providers with Steady Summer Rates
A couple of our natural gas providers have had steady rates since the spring low demand period. That means if you snag one of these plans now, you can rest assured that you’re getting a great rate.
Firstly, it’s the Constellation 12 Month A/C Protect Plus plan. The current rate is $0.499 per therm. The rate on this plan has held steady since May. This plan has an ETF of $150 and a monthly charge of $6.95. Additionally, the plan automatically renews to the provider’s standard variable rate plan or fixed rate plan they select.
Secondly, it’s the Scana Energy 12 month plan. The current rate is $0.649. The rate on this plan has been the same since April. The plan has a $150 ETF and $6.95 monthly charge. The provider may offer the option of automatic renewal to a fixed rate plan.
Gas Providers with Lower Summer Rates
These natural gas providers will do you even better than steady rates. The prices on these plans are lower than they were in spring. Let’s take a closer look!
Firstly, it’s the Georgia Natural Gas® 12 month fixed plan. At $0.549 per therm, it’s $0.02 lower than in April. The plan has an ETF of $100 the first 6 months and $50 the last 6 months. Also, there’s $5.99-$8.99 monthly charge. Finally, this plan automatically renews to the provider’s standard variable rate unless otherwise specified in your plan’s disclosure statement.
Secondly, it’s the Gas South fixed 12 month plan. At $0.610, it’s $0.04 cheaper than in May. The plan has a $150 ETF and $6.95-$9.95 monthly charge. At the end of the term, the provider gives you your options to move forward in writing.
Finally, it’s the Xoom Energy SureLock 12 plan. At $0.469, it’s $0.04 cheaper than the May price. The plan has a $100 ETF and $5.85 monthly charge. This plan automatically renews to the provider’s standard variable rate.
Saving Money with Dropping Gas Prices
One thing is certain: if you pick one of these plans today, you’ll be in as good of shape to save money as nearly anyone who grabbed a plan during the spring shoulder season. Less certain is how long these low prices will stick. According to the EIA ‘s weekly gas report, natural gas production is on a downward trend. This could very well affect prices going into the heating season. So, the question is, what plan are you going to choose? Pick your next natural gas plan now at https://www.georgiagassavings.com.