Share this Story: A 385% Gas-Bill Jump Stuns Californians Facing Cold, Wet Winter [Financial Post (Toronto, Ontario, Canada)]
Maxar Technologies Inc. (MAXR)
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Source: Financial Post
(Bloomberg) — Andra Bard knew her gas bill was going to rise significantly. But nothing prepared her for a 385% increase. Advertisement This week, the 52 year-old who lives in Santa Monica, California, opened her statement to find she owes $330 for the month of January. Bard looked back at old bills and crunched the numbers. She paid an average of $68 a month the past year. Bard texted friends and family around Southern California, and quickly realized she was not alone. All over the state, residents are complaining of sky-high energy bills. “It's just shocking,” said Bard, who uses natural gas to heat her two-bedroom apartment, cook and dry her laundry. “This can't be sustainable.” Nationwide, wholesale natural gas prices prices have fallen about 50% since the end of October. Meanwhile, the opposite trend has emerged in California, where prices have risen 63%. The state's colder- and wetter-than-usual weather hasn't helped, dialing up demand for heating. Temperatures in Ca
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