Utilities Predict Lower Home Heating Costs This Winter

Wisconsin utilities are predicting residential heating costs to be around 20 percent lower than they were last year, thanks to lower natural gas costs and a warmer winter forecast.

Xcel Energy, which serves parts of western and northern Wisconsin, is predicting heating costs this winter will be 20 to 25 percent lower than last winter. Spokeswoman Liz Wolf Green said during the last heating season, the average residential customer paid around $665 for heat.

“This year, with normal weather, we would expect to pay about $500 for the five-month heating season,” said Wolf Green.

Wisconsin Public Service, which serves northeastern Wisconsin, estimates heating costs will be 18 percent lower for its customers. Spokesman Kerry Spees said they’re hoping for a twofer this heating season.

“The combination of warmer temperatures and lower gas prices is good news for customers,” Spees said.

We Energies in southeastern Wisconsin also predicts heating costs to be down 18 percent this winter.