Higher natural gas prices, colder weather and lingering economic woes caused by the pandemic are squeezing energy customers in Colorado and keeping the agencies that provide help busy.
“We know the commodity price of gas is raising people’s bills between 20% and 30%,” said Joe Pereira,deputy director at the Colorado Office of the Utility Consumer Advocate.— LEAP — has helped 63,270 households since November, a 10% increase from the same period in 2021. The federally financed program has received 91,000 applications for help to cover heating bills, also up 10%.
Stepto said the EOC, which works with business and government partners, had helped 10,019 people with their bills from Oct. 1 to early February. The average benefit was $562.A major factor is that wholesale prices for natural gas prices have more than doubled over the past year. The price Friday was about $4.50 per million British thermal units.
“As you’re nearing the end of the winter heating season, then you get some relief, generally, in shorter-term prices for natural gas,” said Brad Handler, a senior fellow with the Payne Institute for Public Policy at the Colorado School of Mines.
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