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National Grid bills expectations: The Real Deal

National Grid has already told Central New Yorkers that they will pay less to heat their houses this winter. But when the national forecast arrived, it indicated that customers will pay more. Which projection is more accurate? What's The Real Deal?
Syracuse (WSYR-TV) – National Grid has already told Central New Yorkers that they will pay less to heat their houses this winter.

But when the national forecast arrived, it indicated that customers will pay more.

Which projection is more accurate? What's The Real Deal?

National Grid explained to NewsChannel 9 that a natural gas bill is composed of two components – the gas supply and National Grid’s delivery rate.

The cost of natural gas, purchased with cash for immediate delivery, is expected to rise this winter, but National Grid says it has used several price hedging techniques to buy gas for this winter at a lower cost than the utility paid last year – about 10 percent less.

National Grid is also lowering the delivery rate by nearly 10 percent this year. But enjoy it while it lasts, because rates are set to go up again next winter.

If you want to know The Real Deal about something, you can call the Your Stories line anytime at (315) 446-9900 or email YourStories@9wsyr.com.

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