Winter is on its way and natural gas customers in Ontario will be paying more to heat their homes as the Ontario Energy Board approved rate increases today for Enbridge Gas Distribution Inc., Natural Resource Gas Ltd. and Union Gas Ltd as of October 1, 2016.

The estimated increase on the typical Enbridge customer is estimated to be about $25 per year and Natural Resource Gas customers will be paying about $22 more per year. The impact on Union Gas customers in southern Ontario will be about $24 per year, while customers in the rest of the province will see average increases of between $38 and $40.

This is not the end of the road for hikes in prices either. Bills are set to rise again next year, when the Liberal government’s cap-and-trade plan begins and is expected to add $5 a month to home heating bills.

BOTTOM LINE: We reported yesterday that The Farmer’s Almanac predicts an extra cold, snowy winter so you’d better save those extra pennies for your heating bill.

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