PSC Says Natural Gas Prices to Rise

By Associated Press | 

FRANKFORT, Ky. (AP) -- The Kentucky Public Service Commission says early season natural gas heating prices will be higher than last year.

The PSC says the average customer can expect to pay about 19 percent more in November than last year if they consume 10,000 cubic feet of natural gas. The average bill is projected to be about $102.

But the agency says that number is down nearly $49 since the peak of November 2008, a decrease of 32 percent.

PSC Chairman David Armstrong says demand has gone up over last year because more natural gas is being used and the economy has improved.He said the significant increases in production and supply are projected to provide price stability in coming years.

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