Dominion Energy West Virginia braces customers for increased natural gas prices this winter
Jackson County's 500 Dominion Energy West Virginia customers should expect a higher natural gas bill in the winter months due to a nationwide uptick in demand.
Based in Richmond, Virginia, Dominion Energy supplies energy and power to Virginia and the Carolinas, and natural gas to residents and companies in West Virginia.
The U.S. Energy Information Administration released a report projecting that natural gas prices will hover around $5.67 per million British thermal units from October to March 2022, which is the highest price in winter months since 2007 and 2008.
The hike in price is also the result of "below-average storage levels," according to the Energy Information Administration.
"National gas inventories are below the five-year average heading into winter. Contributing to the low levels of storage were above average withdrawals from storage last winter due to cold weather. However, Dominion Energy West Virginia customers can be assured of sufficient natural gas supplies for this coming winter," Dominion Energy West Virginia's release said.
Dominion Energy West Virginia's Jim Eck, vice president and general manager said in the release that prices are expected to decrease after the winter months of 2022.
"The economy is seeing a resurgence from last year’s downturn and with that recovery is increased demand for energy, both domestically and globally," Jim Eck, vice president and general manager, Dominion Energy West Virginia said. "Demand for natural gas has increased significantly during the hottest summer on record to support electric power generation. The federal government’s Energy Information Administration is projecting an increase in drilling activity for 2022, which could ease prices.”
The energy company is encouraging customers who may be experiencing financial troubles to call 1- 800-688-4673 to speak with an agent and view its financial assistance options online.
Dominion Energy offers two payment plans for customers who have "high winter bills," according to the release.
- Budget billing: A payment plan that doesn't have season fluctuation in bills, meaning that the rate remains the same month-to-month.
- Flexible payment plans: This option allows customers to space out bills so they are more reasonable.
The company also has a list of government assistance options on its website.
— Katelyn Waltemyer (she/her) is the General Assignment and Enterprise Reporter for Jackson Newspapers in Jackson County, West Virginia. Have a news tip on local government or education? Or a good feature? You can reach Katelyn at firstname.lastname@example.org. Follow her on Twitter @Kate_Waltemyer.