Consumers Energy Natural Gas Price Falls
to Lowest Level in Nearly Two Decades
Continues Decade of Falling Costs for Michigan Homes, Businesses
JACKSON, Mich., March 28, 2016 – You have to go back 18 years to find the last time
Consumers Energy charged as little for natural gas, a success story that continues to put money
into the pockets of Michigan business owners and residents.
“We are committed to delivering natural
gas safely, reliably and affordably, knowing that
our work to reduce costs helps fuel Michigan’s
economy,” said Tim Sparks, Consumers
Energy’s vice president of energy supply
operations. “The price for natural gas that we’ll
put into effect in April continues a decade of
Falling costs
NATURAL GAS PRICE: A look at Consumers
Energy’s natural gas commodity price by year
(per thousand cubic feet):
2016
2015
2014
2013
2012
$2.54
$3.47
$4.75
$4.62
$5.26
2011
2010
2009
2008
2007
$6.35
$6.96
$7.31
$8.96
$8.16
falling costs, allowing Michigan residents to put
more money toward their household budgets and
other needs.”
April’s natural gas commodity price -$2.54 per 1,000 cubic feet – is the lowest since
March 1998.
LEARN MORE: Learn about the value of natural
gas from Consumers Energy:
www.ConsumersEnergy.com/gascenter
COMPARE COSTS: The Michigan Public Service
Commission helps people compare gas prices
between Consumers Energy and others:
www.Michigan.gov/CompareMIGas
Consumers Energy’s announcement
follows a winter in which Michigan residents paid less to serve their businesses and homes. The
energy provider projects that the average household will have paid $250 less this winter for
natural gas than the previous year.
“Lower natural gas costs from Consumers Energy are helping businesses in Oakland
County and throughout Michigan. Lower energy costs can play a role in business expansion, job
creation and drive positive economic development,” said Sheri Heiney, president of the
Rochester Chamber of Commerce.
Consumers Energy has lowered natural gas costs with the help of its underground gas
storage system, the largest used exclusively for distribution of any in the nation. The system of
15 underground storage fields allows the energy provider to buy gas when it costs less, typically
in the summer, for use by customers during the colder winter months.
“We are proud that our natural gas prices are low, which helps our customers save
money when they choose us as their gas supplier,” Sparks said. “As a Michigan company, we are
committed to the success of our customers and Michigan’s economy. By lowering energy costs,
we are helping Michigan companies compete and create jobs right here at home.”
Consumers Energy encourages customers to take steps to reduce energy waste at their
residence and business. Find more than 100 tips on reducing energy waste, and more, at
www.ConsumersEnergy.com/energyanswers.
Consumers Energy, Michigan’s largest utility, is the principal subsidiary of CMS Energy
(NYSE: CMS), providing natural gas and electricity to 6.7 million of the state’s 10 million
residents in all 68 Lower Peninsula counties.
###
Media Contacts: Brian Wheeler, 517-788-2394, or Dan Bishop, 517-788-2395
###
For more information about Consumers Energy, go to www.ConsumersEnergy.com.
Check out Consumers Energy on Social Media