Wed., October 21, 2009 1:00pm (EDT)

Lower Heating Bills Expected This Winter
By Melissa Stiers
Updated: 5 years ago

ATLANTA  —  
Whole-sale price for natural gas drops during recession. (graph by New York Mercantile Exchange)
Whole-sale price for natural gas drops during recession. (graph by New York Mercantile Exchange)
You could see big savings on your heating bill this winter.... if you're a natural gas customer.

Natural gas prices are way down and it's because supply is up and demand is low.

We have the recession to thank for that, in part, says Public Service Commissioner Bobby Baker who helps regulate utilities in the state.

"Even a slight reduction in industrial demand has a dramatic impact on wholesale prices and has allowed market prices to go downward," says Baker.

Baker says some reports indicate the consumer could pay 20 percent less for natural gas this winter.