While hydro rates in Ontario continue to rise, your gas bills will bring glad tidings in the new year with two gas distributors being given the green light to drop their rates.
The Ontario Energy Board approved rate decreases for Union Gas and Enbridge Gas Distribution, which will go into effect Jan. 1.
Close to six in 10 Ontario households are heated by natural gas.
Meterologists have predicted that Christmas 2015 will be one of the mildest on record for Ontarians and others in eastern Canada and the United States.
This, combined with an oversupply of natural gas, has resulted in the lessened demand, and thus the reduced prices, marking a 14-year low earlier this month