Innovative use of technology has allowed natural gas suppliers to collect high volumes of gas from hard shale rock– something thought impractical, if not impossible, as recently as 10 years ago.
And the cost to get that gas out of the ground is falling as technology improves.
What does that mean for consumers? Quite a lot.
- Affordable natural gas. NW Natural customers are paying less for natural gas than you did 10 years ago. You can’t say that about many other products. In fact, natural gas is up to half the cost of oil or electricity to heat your home.
- Savings add up. Today’s gas prices mean lower costs, not only for homeowners, but also for manufacturers and electric power producers. This translates to big consumer savings. In fact, a study by the American Gas Association predicts average yearly household savings resulting from abundant natural gas will equal $2,000 in 2015 and more than $3,500 by 2025.
- Expect more of the same. After several years of falling prices, natural gas costs have stabilized. Today, our nation has so much access to natural gas that prices are expected to remain close to the same low levels through 2035 – even while we use more gas in our homes, businesses and manufacturing and for power generation.
Today – and for the long run – natural gas promises to be a great deal for your energy needs. To see how much you can save, check out our new Cost Comparison Tool at www.nwnatural.com/compare.
Visit www.nwnatural.com to learn more about the natural gas appliances you’ll see at the Ultimate New Home Showcase™ and how living in a natural gas home can save on operating costs while making it efficient and comfortable.