Nova Scotia Power warns winter natural gas price spikes will continue

Nova Scotia Power warns winter natural gas price spikes will continue

Nova Scotia Power says the region's natural gas shortage is likely to continue for another three or four years. This past winter natural gas consumers were hit with record high prices. Creating long-term solutions will take time. “Potential solutions appear to be three to four years away," the utility wrote in report filed this month with regulators. Spot natural gas prices set in Boston were averaging $22 British thermal units (mmBtu) in January and February according to the U.S. Energy Information Administration.

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