The price of natural gas is at a 14-year high and is expected to continue rising into the winter months. There are many global factors contributing to these high prices: low inventory levels in storage, high demand, hot weather, worker shortages, and the war in Ukraine. The natural gas commodity is marketed on trading platforms located across North America so prices are completely out of our control. Our supplier, Gas Alberta, buys natural gas at the lowest possible spot price every month and we sell that natural gas to our customers at the same price it was purchased with no markup. For more information please visit: Federation of Alberta Gas Co-Ops (fedgas.com).

Licensed competitive natural gas retailers, like the ones that service the towns and cities in Alberta, offer fixed rates. The average fixed rate right now is $4.99/GJ. Since Crossroads Gas is a not-for-profit co-operative and the gas costs come from Gas Alberta on a monthly basis, we can’t lock in rates.

To give you an idea of how your gas bill compares to a fixed rate retailer, we did an analysis. Below are real gas bills for the month of May and June 2022 with the same gas usage. Even though the Crossroads gas rate is nearly double the fixed rate, the Crossroads Gas bill is lower.

To even out your gas bills throughout the year and avoid spikes in the winter, we encourage you to sign up for Budget Billing. Call the office for more information.