Home heating could cost an extra $40 per month this year: WPS
(WLUK) -- It could cost the average homeowner $40 per month more than last year to heat their home this winter, according to a Wisconsin Public Service analysis.
The extra cost is tied to a rise in the price of natural gas. WPS says a supply shortage and worldwide increase in demand have pushed the price of natural gas at the highest level in a decade and more than twice last year's price.
WPS says it buys and stores gas during periods of lower prices. The utility believes this lowers the price to customers by about 25%. WPS also says it does not earn a profit on the natural gas it buys for customers.
Those who need help paying their bills can learn more about alternative payment programs and public assistance at WPS' website.
To lower costs, WPS recommends turning down your thermostat, sealing gaps around doors and windows and having an annual tune-up done on your furnace.
