Northwest Natural Gas has announced that gas rates this winter will be falling for residential, commercial and industrial customers. New Oregon Public Utilities Commission approved rates show that residential users will see a 1.5% drop in their bills. Commercial users will see a 1.6% drop and 3.5% drop for industrial customers.
A relatively mild winter last year and increased gas production through fracking has created a mini-bloat in gas supplies which is driving prices down.
The new rates take effect November 1st.