Gas Cost Frequently Asked Questions
Q: What is this month's cost of gas?
A: The cost of gas can vary greatly from month-to-month. Visit monthly to stay informed on the latest price.
Q: Is Nicor Gas setting the price of natural gas?
A: No. Natural gas is a commodity and its price is determined by the market, based on several factors When Nicor Gas buys gas on your behalf and delivers it to your business, we charge you exactly what we paid for it – we are not allowed to mark it up, by regulation of the Illinois Commerce Commission.
Q: What is Nicor Gas doing to manage fluctuations in natural gas prices?
- Natural gas is a commodity, so prices fluctuate based on several factors. We have taken action to help lessen the impact of market prices by filling our underground storage fields during summer months when gas prices have typically been lower, using financial purchasing instruments and hedging. Taken together, these actions account for about three-quarters of the gas needed for the winter season.
- We have developed a new Bill Planning Guide that will help you get an idea of what your upcoming bills might be.
- Nicor Gas offers payment programs, such as the budget plan that allows you to spread your payments over a 12-month period, with adjustments up or down every four months to correct for future gas prices and your usage. Your monthly bill must be less than $4,000 to qualify.
Q: Where can I get more information on gas prices?
A: Visit the gas rates and costs section of this site. There you will find the most up-to-date information including the current cost of gas, energy-saving tips, press releases on the cost of gas, and payment information.