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Natural gas rates will rise, expected to drop when prices decline

Posted at 5:20 pm February 19, 2021
By John Huotari Leave a Comment

Natural gas rates will increase for Oak Ridge Utility District customers because of weather-related price increases and higher transportation costs. Rates are expected to decrease when weather-related spikes decline.

The rates will increase because there has been a rise in the price of natural gas related to the recent extreme weather, ORUD Director of Finance/Controller Robert DePriest said Friday.

Also, in January, there was an increase in the transportation costs that ORUD pays for the delivery of natural gas to its distribution system, DePriest said in a statement.

[Read more…]

Filed Under: Business, Front Page News, Oak Ridge, Top Stories, Weather Tagged With: natural gas rates, Oak Ridge Utility District, ORUD, Robert DePriest

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