Consumers Energy prices fall to lowest level in 18 years.

March 28, 2016

consumers energyJACKSON, Mich. – You have to go back nearly two decades to find the last time Consumers Energy charged as little for natural gas as the company will next month, according to a Consumers Energy press release issued today, calling it “a success story that continues to put money into the pockets of Michigan business owners and residents.”

April’s natural gas commodity price of $2.54 per 1,000 cubic feet is the lowest since March of 1998.

NATURAL GAS PRICE: Consumers Energy’s natural gas commodity price by year (per thousand cubic feet):

  • 2007 $8.16
  • 2008 $8.96
  • 2009 $7.31
  • 2010 $6.96
  • 2011 $6.35
  • 2012 $5.26
  • 2013 $4.62
  • 2014 $4.75
  • 2015 $3.47
  • 2016 $2.54

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 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, allowing Michigan residents to put more money toward their household budgets and other needs.”

Consumers Energy’s announcement follows a winter when Michigan home and business owners paid less.

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.

“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.

Help Fund Local News

Please consider helping us keep local news active by sending a PayPal payment.

Area Churches

Legally Speaking: Consent to search

Subscribe to MCP via Email

Enter your email address to subscribe to this site and receive notifications of new posts by email.

Join 21,494 other subscribers