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WBGZ Radio 4/24/2021 |
By Kevin Bessler - Illinois Radio Network
Illinois lawmakers want to prevent future natural gas price spikes similar what occurred during a cold snap in February.
Many Illinois communities dealt with skyrocketing bills, some shooting up over 7,000%. Several major Illinois utilities are also increasing residential natural gas prices this month, ranging from 35% to 70%, a lingering effect of the volatile winter that crippled the nation’s gas supply.
During a House Energy and Environment Committee subject matter hearing, Westfield Mayor Michael Weese said the price jumped in February from 88 cents a therm to $4.52 a therm.
“This has impacted this community and other communities drastically on the price manipulation we believe and took advantage of this cold spell we did have,” Weese said.
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