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|DTE Energy again lowers natural gas costs to customers - a 9% reduction|
Natural gas prices have fallen steadily since 2008 as domestic production increased from newfound sources, and DTE's efforts to store natural gas when prices are at their lowest has allowed the company to keep rates low and stable even during high usage months over the winter.
Over the last 10 years, residential customers' overall natural gas bills have dropped by 27 percent, or about
"We take pride in purchase strategies that effectively manage the price our customers pay," said
This season's gas energy costs were roughly comparable to the 2015-2016 winter season, although slightly increased because of weather. However, when compared to typical winter weather, bills for the season were lower. Even though the winter heating season is nearing its end, residential and business customers will continue to save when they use their gas appliances and equipment.
Customers can find the cost of gas on their bills under the Gas Cost Recovery (GCR) line item.
DTE natural gas customers' bills are reflective of three key variables – the cost of the natural gas used by customers, the amount of natural gas used and the severity of the weather, which impacts energy use.
"We continuously work to make our operations more efficient in an effort to keep energy affordable for our customers," Stiers said. "Our customers can also better manage their energy bills by saving energy through a number of our low- and no-cost energy-efficiency tips."
Customers can find more information on how to save energy by going to dteenergy.com/saveenergy. To better understand the components of your bill, watch our new animated bill video at bit.ly/ReadABill.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/dte-energy-again-lowers-natural-gas-costs-to-customers--a-9-reduction-300439360.html
Brian Smith, DTE Energy, 313.235.5555