Natural gas and gasoline get cheaper. …
* $3.17 per 1,000 cubic feet – Current price of natural gas, down 29 percent from the rate a year ago* $2.11 – Average price per gallon of regular gasoline in Chattanooga, down 31 percent from a year ago while electricity gets more expensive….* $147.29 – Projected average household EPB bill in January,* up 0.9 percent from a year ago* $145.75 – Average EPB bill in December,* up 1.3 percent from a year ago* Based upon residential customer using 1,441 kilowatt hours of electricity each month.Sources: Tennessee Valley Authority, EPB, AAA Fuel Gauge Price Survey.
Natural gas, the most prevalent heating fuel in most of the country, is getting cheaper just as winter is arriving because of mild temperatures and plentiful supplies.
Gasoline prices, which have declined for 89 consecutive days, have fallen even more, declining by 31 percent from a year ago in Chattanooga, according to AAA’s fuel gauge surveys.
But electricity which still heats most homes in the Tennessee Valley will be more expensive for homeowners in January as the cold weather boosts power demand and boosts TVA’s monthly fuel cost adjustment. Although fuel cost fees are below where they were a couple of years ago, the typical EPB residential customer will still pay $1.38 more for electricity next month than what he or she paid in January 2014 and will pay $1.54 more than what the household bill was this month.