As the cold weather settles in for another year, Wisconsin Public Service (WPS) is letting customers know their heating bills are expected to be lower this winter.
An analysis done by WPS shows the typical residential customer will pay about $20 less per month this winter compared to last year. The analysis assumes typical winter weather.
WPS said the predicted decrease is due to the company having bought and stored natural gas when prices are lower as well as the worldwide decline of natural gas prices. The company buys and stores natural gas when it is typically lower priced, locks in guaranteed natural gas contracts at fixed prices and purchases gas in the market.
WPS does not profit on the natural gas it purchases – customers pay the same price for natural gas that the company pays.
Assistance is available for those who are challenged by winter heating bills. The state of Wisconsin is expected to have nearly $150 million in low-income heating assistance this winter.
Any customer concerned about their bill is encouraged to contact WPS right away to discuss bill payment options, budget billing and energy assistance. Customers can connect with the company 24 hours a day online at wisconsinpublicservic.com, through the WPS app or by calling 800.450.7260.