Enbridge confirms rate increase effective April 1

If you heat with natural gas you will be paying more this year.

Enbridge Gas Distribution says the Ontario Energy Board has approved new rates effective April 1.

The increase means nearly $400 over the next year for the average Enbridge customer, who normally would pay roughly $1,000 annually for natural gas.

Enbridge says the OEB's approval is on an interim basis while the board considers steps to smooth costs for customers.

Enbridge applied for the increase earlier this month, a few weeks after predicting that its massive storage capacity should mute any price increase.

But the utility says it was forced to buy more natural gas, at a much higher cost than expected, and it must recover those costs.

With files from the Canadian Press

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