The price of natural gas, and with it the cost of home heating this winter, is going down, the Oregon Public Utility Commission announced Thursday.
For customers of Cascade Natural Gas, which services Central Oregon, residential rates will fall 5.65 percent, the PUC stated in a news release. Commercial customers will see a 6.46 percent rate reduction and industrial customers a 7.4 percent reduction, according to the PUC.
A typical monthly residential bill, based on 60 therms per month, will fall by $2.47 to $45.22. Three natural gas utilities are affected by the rate reductions scheduled to take effect Nov. 1: NW Natural, Avista Utilities and Cascade Natural Gas.
The rate reduction for Cascade Natural Gas represents $2.6 million, or 4.07 percent, according to the PUC.