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CUB’s report on gas market volatility: December

Gas prices for eight of Illinois’ 9 major utilities are higher, compared with a year ago, led by Liberty Utilities, which is charging a supply price that is about 63 percent higher; Nicor Gas and Mt. Carmel, both charging a price about 56 percent higher; Peoples Gas, which has a price about 28 percent higher; and MidAmerican Energy, with a price about 27 percent higher, according to CUB’s review of December gas prices. 

Gas prices have been elevated because of colder-than-normal weather last winter and record gas exports (meaning profit-hungry companies sending gas outside the United States) increasing demand and tightening supply. The Energy Information Administration, predicts that prices will rise this winter, but factors such as milder weather are expected to lead to lower increases than previously expected.  

Market conditions impact the prices individual consumers pay to heat their homes. Gas utilities file supply prices–called the Purchased Gas Adjustment (PGA)–each month with the Illinois Commerce Commission (ICC). Here’s what CUB found in our review of prices in December.

  • Compared with November, five utilities have higher rates: Consumers Gas (about 19 percent higher ), Illinois Gas (about 1 percent), MidAmerican (14 percent), North Shore Gas (17 percent), and Peoples Gas (18 percent). Three charged prices that were lower: Ameren Illinois (about 5 percent lower), Liberty Utilities (about 2 percent), and Mt. Carmel (about 13 percent). One utility, Nicor Gas, had the same price as in November. 
  • Compared with December 2024, this month’s prices were higher for eight utilities, ranging from about 10 percent higher for Illinois Gas to about 63 percent higher for Liberty Utilities. Only one utility was less than last December, with Ameren Gas at about 3 percent lower. See all December prices below. 

December Gas Prices
Ameren Illinois 44.07 cents per therm (DOWN about 3 percent from December 2024)
Consumers Gas 48.91 cents per therm (UP about 17 percent from December 2024)
Illinois Gas 49.23 cents per therm (UP about 10 percent from December 2024)
Liberty Utilities 40.70 cents per therm (UP about 63 percent from December 2024)
MidAmerican Energy 67.31 cents per therm (UP about 27 percent from December 2024)
Mt. Carmel 66.25 cents per therm (UP about 56 percent from December 2024)
Nicor Gas 39.00 cents per therm (UP about 56 percent from December 2024)
North Shore Gas 51.53 cents per therm (UP about 15 from December 2024)
Peoples Gas 40.63 cents per therm (UP about 28 percent from December 2024)

Note: Your utility is determined by where you live, so you cannot switch from one utility to another. Under Illinois law, gas utilities are not allowed to profit off supply prices—they pass those costs from gas producers and marketers onto customers with no markup. State regulators annually review the utilities’ gas-management procedures to evaluate whether the companies did a reasonable job with their gas purchases, given market conditions, to hold down costs for consumers as much as possible. Regulators can order refunds, although that is rare. 

A few tips from CUB:  

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