2020 and the beginning of 2021 saw the lowest natural gas prices in five years.
That’s according to Bangor Gas sales and marketing manager Andrew Barrowman.
However, he said that is sure to change this winter.
Barrowman estimates prices could go up by as much as 50%.
He said the exporting of liquefied natural gas, an unusually hot summer and Hurricane Ida knocking out oil production platforms are all factors in the price jump.
“We’re exporting (liquefied natural gas) to Europe. Which, that LNG price is now driving up the price here at home because they can get that higher price by exporting it to Europe,” Barrowman said.
To keep your bill low, Barrowman suggests keeping your thermostat at 65 degrees, sealing up air escape points in your home and adding insulation to your walls and attic.
Downeast Community Partners is doing their part to help those in need with their heating bills as well. The company has been providing a fuel assistance program for low income families for the past 50 years.
“At Downeast Community Partners we’re trying to offer this program to help give (people) a step up and assistance to help them with these costs. With their fuel costs, also with their electric costs,” said Jenny Reese-Pullen, Downeast Community Partners Heap Operations Manager.
Reese-Pullen said the fuel assistance program is income based, but there is also an emergency funding program.
She said the company has made the application process easier this year for people in need of assistance.
“As we all know heating costs have been skyrocketing throughout our nation, not only here in Maine but everywhere. and for our low income families we have tried to streamline the fuel assistance process,” Reese-Pullen said.
Those interested in more information can contact the Downeast Community Partners website.