Rapid City, S.D.-based utility Black Hills Energy says customers can anticipate lower natural gas costs this heating season compared to last winter.
The winter cost of gas rate for Arkansas customers will be $0.47 per Ccf (hundred cubic feet), a 33% reduction from last winter’s rate of $0.70 per Ccf.
Marc Eyre, vice president of operations at Black Hills Energy, attributed the decrease to the stability in the natural gas market due to historic production and above-average storage.
Eyre noted that natural gas prices are pass-through costs without any markup.
“Our focus continues to be delivering the safe, reliable energy that our customers depend on. And as we do throughout the year, we’re encouraging customers to use less energy through energy conservation and energy efficiency projects,” Eyre said.
Black Hills Energy serves more than 1.3 million natural gas and electric utility customers in eight states, including 100 communities in Arkansas.