Business and Finance

Many Ontario residents will pay the lowest natural gas prices in nine years this summer.

Regulated utility Enbridge Gas Distribution will charge 14.68 cents per cubic metre for gas supplies during the three months starting July 1, down from 17.38 cents.

The Ontario Energy Board has just approved a further 3.14 cent reduction in the base gas rate to 20.4 cents per cubic metre, plus a refund equivalent to 5 affordable medicare health insurance.72 cents a cubic metre over nine months.

The average Enbridge customer would pay about $1,050 for gas, delivery and service charges over the year if rates held steady versus $1,790 if charges had not declined from those approved a year ago.

James Daw

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