{"id":43935,"date":"2025-11-03T08:24:30","date_gmt":"2025-11-03T14:24:30","guid":{"rendered":"https:\/\/www.citizensutilityboard.org\/?p=43935"},"modified":"2025-11-03T14:15:25","modified_gmt":"2025-11-03T20:15:25","slug":"cubs-report-on-gas-market-volatility-november","status":"publish","type":"post","link":"https:\/\/www.citizensutilityboard.org\/blog\/2025\/11\/03\/cubs-report-on-gas-market-volatility-november\/","title":{"rendered":"CUB\u2019s report on gas market volatility: November"},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" width=\"450\" height=\"300\" class=\"size-full wp-image-32954 alignright\" src=\"https:\/\/www.citizensutilityboard.org\/wp-content\/uploads\/2021\/11\/GasFlame.png\" alt=\"\" srcset=\"https:\/\/www.citizensutilityboard.org\/wp-content\/uploads\/2021\/11\/GasFlame.png 450w, https:\/\/www.citizensutilityboard.org\/wp-content\/uploads\/2021\/11\/GasFlame-300x200.png 300w, https:\/\/www.citizensutilityboard.org\/wp-content\/uploads\/2021\/11\/GasFlame-391x260.png 391w\" sizes=\"(max-width: 450px) 100vw, 450px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Gas prices for five of Illinois&#8217; 9 major utilities are elevated, compared with a year ago, led by Liberty Utilities, which is charging a supply price that is about 120\u00a0percent higher; Nicor Gas, with a price about 39 percent higher, and Consumers Gas, which is charging a price that is about 30 percent higher; according to CUB\u2019s review of November gas prices.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gas prices have been elevated because of colder-than-normal weather last winter and <\/span><a href=\"https:\/\/www.forbes.com\/sites\/rrapier\/2025\/03\/02\/why-natural-gas-prices-are-surging-weather-supply-and-global-demand\/\"><strong>record gas exports<\/strong> <\/a><span style=\"font-weight: 400;\">(meaning profit-hungry companies sending gas outside the United States) increasing demand and tightening supply. The <\/span><strong><a href=\"https:\/\/www.eia.gov\/outlooks\/steo\/report\/natgas.php\">Energy Information Administration<\/a><\/strong><span style=\"font-weight: 400;\">, predicted in October that prices will rise this winter, but increases in gas being put in storage in preparation for the cold season and gas production will lead to lower increases than previously expected.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Market conditions impact the prices individual consumers pay to heat their homes. Gas utilities file supply prices\u2013called the Purchased Gas Adjustment (PGA)\u2013each month with the Illinois Commerce Commission (ICC). Here\u2019s what CUB uncovered in our review of prices in November.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Compared with <\/span><strong><a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2025\/10\/01\/cubs-report-on-gas-market-volatility-october\/\">October<\/a><\/strong><span style=\"font-weight: 400;\">, four utilities have higher rates: Illinois Gas (about 6 percent), Mt. Carmel (about 16 percent), North Shore Gas (20 percent), and Peoples Gas (14 percent). Four charged prices that were lower: Ameren Illinois (about 2 percent), Consumers Gas (about 10 percent), Liberty Utilities (about 14 percent), and MidAmerican (3 percent). One utility, Nicor Gas, had the same price as in October.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Compared with <\/span><strong><a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2024\/11\/01\/november-gas-supply-prices\/\">November 2024<\/a><\/strong><span style=\"font-weight: 400;\">, this month\u2019s prices were higher for five utilities, ranging from about 7 percent higher for Peoples Gas to about 120 percent higher for Liberty Utilities. Four utilities were less than last November, including Ameren Gas (about 5 percent), Illinois Gas (about 1 percent), and Mt. Carmel (about 12 percent). North Shore Gas\u2019 price was just barely lower (0.1 percent) than last November.\u00a0\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<p><strong>November Gas Prices<\/strong><b><br \/>\n<\/b><strong>Ameren Illinois<\/strong><span style=\"font-weight: 400;\">\u2013 46.50 cents per therm (DOWN about 5 percent from November 2024)<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><strong>Consumers Gas<\/strong><span style=\"font-weight: 400;\">\u2013 40.97 cents per therm (UP about 30 percent from November 2024)<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><strong>Illinois Gas<\/strong><span style=\"font-weight: 400;\">\u2013 48.70 cents per therm (DOWN about 1 percent from November 2024)<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><strong>Liberty Utilities<\/strong><span style=\"font-weight: 400;\">\u2013 41.40 cents per therm (UP about 120 percent from November 2024)<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><strong>MidAmerican Energy<\/strong><span style=\"font-weight: 400;\">\u2013 58.95 cents per therm (UP about 26 percent from November 2024)<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><strong>Mt. Carmel<\/strong><span style=\"font-weight: 400;\">\u2013 76.18 cents per therm (DOWN about 12 percent from November 2024)<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><strong>Nicor Gas<\/strong><span style=\"font-weight: 400;\">\u2013 39.00 cents per therm (UP about 39 percent from November 2024)<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><strong>North Shore Gas<\/strong><span style=\"font-weight: 400;\">\u2013 43.91 cents per therm (Just barely DOWN, about 0.1 from November 2024)<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><strong>Peoples Gas<\/strong><span style=\"font-weight: 400;\">\u2013 34.45 cents per therm (UP about 7 percent from November 2024)<\/span><\/p>\n<p><strong>Note:<\/strong><span style=\"font-weight: 400;\"> 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\u2014they pass those costs from gas producers and marketers onto customers with no markup. State regulators annually review the utilities\u2019 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.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A few tips from CUB:\u00a0\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Keep the lines of communication open with your utility.<\/strong><span style=\"font-weight: 400;\"> If you are having trouble affording your gas bills, it is vital that you contact your utility. Ask if you qualify for any energy assistance programs; see if you can set up a plan that gives you more time to pay off your bills; and inquire about no or low-cost energy efficiency programs the company offers.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Practice energy efficiency at home.<\/strong> <span style=\"font-weight: 400;\">For tips and information about helpful energy efficiency programs offered by your utility, visit CUB\u2019s <\/span><strong><a href=\"https:\/\/www.citizensutilityboard.org\/clean-energy\/\">Clean Energy page<\/a><\/strong><span style=\"font-weight: 400;\">.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Beware of alternative supplier rip-offs.<\/strong><span style=\"font-weight: 400;\"> If a deal seems too good to be true, there\u2019s a good chance it is. If the utility supply price increases, remember that it\u2019s due to market factors that also will increase alternative supplier prices. As volatile as gas utility prices are, your best bet for gas supply is likely with your utility and not with an alternative supplier. <\/span><strong><a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2024\/01\/16\/cub-speaks-out-beware-of-bad-deals-from-energy-suppliers\/\">Read our tips.<\/a><\/strong><span style=\"font-weight: 400;\"> (<\/span><strong>Note:<\/strong><span style=\"font-weight: 400;\"> Only consumers in Northern Illinois have gas choice.)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>See if you qualify for energy assistance.<\/strong><span style=\"font-weight: 400;\"> To apply or learn more about the Low Income Home Energy Assistance Program (LIHEAP), <\/span><strong><a href=\"https:\/\/dceo.illinois.gov\/communityservices\/utilitybillassistance\/howtoapply.html\">visit this state of Illinois webpage.<\/a><\/strong><span style=\"font-weight: 400;\"> (Also, check out our <\/span><strong><a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2024\/09\/05\/a-step-by-step-guide-to-applying-for-liheap\/\">Step by step guide to applying for LIHEAP<\/a><\/strong><span style=\"font-weight: 400;\">.)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">More helpful resources:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><strong><a href=\"https:\/\/www.citizensutilityboard.org\/gas\/\">CUB\u2019s Gas page\u00a0<\/a><\/strong><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><strong><a href=\"https:\/\/www.citizensutilityboard.org\/gassupplycharges\/\">Historical gas prices<\/a><\/strong><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">CUB\u2019s gas-price reports from 2024: <\/span><strong><a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2024\/01\/04\/what-you-need-to-know-about-january-2024-gas-prices-in-illinois\/\">January<\/a>, <a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2024\/02\/01\/february-gas-prices-up-showing-month-to-month-instability\/\">February<\/a>, <a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2024\/03\/01\/march-gas-prices\/\">March<\/a>, <a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2024\/04\/01\/cub-reports-on-april-gas-prices\/\">April<\/a>, <a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2024\/05\/01\/cubs-monthly-report-on-gas-volatility-may-2024\/\">May<\/a>, <a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2024\/05\/28\/cubs-monthly-report-on-gas-volatility-june-2024\/\">June<\/a>, <a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2024\/06\/29\/cubs-monthly-report-on-gas-volatility-july-2024\/\">July<\/a>, <a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2024\/08\/01\/cub-reports-on-august-gas-prices\/\">August,<\/a> <a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2024\/09\/02\/cubs-monthly-report-on-gas-market-volatility-september\/\">September<\/a>, <a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2024\/10\/01\/report-on-gas-market-volatility-oct\/\">October<\/a>, <a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2024\/11\/01\/november-gas-supply-prices\/\">November<\/a><\/strong><span style=\"font-weight: 400;\"> and <\/span><strong><a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2024\/12\/02\/december-2024-gas-prices\/\">December<\/a><\/strong><span style=\"font-weight: 400;\">. And 2025: <\/span><strong><a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2025\/01\/03\/january-2025-gas-prices\/\">January<\/a>, <a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2025\/02\/01\/february-2025-gas-prices\/\">February<\/a>, <a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2025\/03\/03\/march-2025-gas-prices\/\">March<\/a>, <a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2025\/04\/01\/april-2025-gas-prices\/\">April<\/a>, <a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2025\/05\/01\/cub-reports-on-may-gas-prices\/\">May<\/a>, <a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2025\/06\/02\/elevated-prices-cubs-june-report-on-gas-market-volatility\/\">June<\/a>,\u00a0 <a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2025\/06\/27\/cubs-july-report-on-gas-market-volatility\/\">July<\/a>, <a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2025\/08\/01\/cubs-aug-report-on-gas-market-volatility\/\">August<\/a>, <a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2025\/08\/30\/cubs-sept-report-on-gas-market-volatility\/\">September<\/a><\/strong><span style=\"font-weight: 400;\"><strong>,<\/strong> and <\/span><strong><a href=\"https:\/\/www.citizensutilityboard.org\/blog\/2025\/10\/01\/cubs-report-on-gas-market-volatility-october\/\">October<\/a><\/strong><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">If you want to consider moving away from gas, <\/span><strong><a href=\"https:\/\/www.citizensutilityboard.org\/electrification\/\">visit our electrification page<\/a><\/strong><span style=\"font-weight: 400;\"> and order <\/span><strong><a href=\"https:\/\/secure.everyaction.com\/bjsyKuiwPE2yopD_Bv-EiQ2\">CUB\u2019s free Better Heat Guide<\/a><\/strong><span style=\"font-weight: 400;\"> to learn how to make the transition to more efficient appliances, like electric heat pumps and induction stove tops.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Gas prices for five of Illinois&#8217; 9 major utilities are elevated, compared with a year ago, led by Liberty Utilities, which is charging a supply price that is about 120\u00a0percent higher; Nicor Gas, with a price about 39 percent higher, and Consumers Gas, which is charging a price that is about 30 percent higher; according to CUB\u2019s review of November gas prices.\u00a0 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, predicted in October that prices will rise this winter, but increases in gas being put in storage in preparation for the cold season and gas production will lead to lower increases than previously expected.\u00a0\u00a0 Market conditions impact the prices individual consumers pay to heat their homes. Gas utilities file supply prices\u2013called the Purchased Gas Adjustment (PGA)\u2013each month with the Illinois Commerce Commission (ICC). Here\u2019s what CUB uncovered in our review of prices in November. Compared with October, four utilities have higher rates: Illinois Gas (about 6 percent), Mt. Carmel (about 16 percent), North Shore Gas (20 percent), and Peoples Gas (14 percent). Four charged prices that were lower: Ameren Illinois (about 2 percent), Consumers Gas (about 10 percent), Liberty Utilities (about 14 percent), and MidAmerican (3 percent). One utility, Nicor Gas, had the same price as in October.\u00a0 Compared with November 2024, this month\u2019s prices were higher for five utilities, ranging from about 7 percent higher for Peoples Gas to about 120 percent higher for Liberty Utilities. Four utilities were less than last November, including Ameren Gas (about 5 percent), Illinois Gas (about 1 percent), and Mt. Carmel (about 12 percent). North Shore Gas\u2019 price was just barely lower (0.1 percent) than last November.\u00a0\u00a0\u00a0 November Gas Prices Ameren Illinois\u2013 46.50 cents per therm (DOWN about 5 percent from November 2024) Consumers Gas\u2013 40.97 cents per therm (UP about 30 percent from November 2024) Illinois Gas\u2013 48.70 cents per therm (DOWN about 1 percent from November 2024) Liberty Utilities\u2013 41.40 cents per therm (UP about 120 percent from November 2024) MidAmerican Energy\u2013 58.95 cents per therm (UP about 26 percent from November 2024) Mt. Carmel\u2013 76.18 cents per therm (DOWN about 12 percent from November 2024) Nicor Gas\u2013 39.00 cents per therm (UP about 39 percent from November 2024) North Shore Gas\u2013 43.91 cents per therm (Just barely DOWN, about 0.1 from November 2024) Peoples Gas\u2013 34.45 cents per therm (UP about 7 percent from November 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\u2014they pass those costs from gas producers and marketers onto customers with no markup. State regulators annually review the utilities\u2019 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.\u00a0 A few tips from CUB:\u00a0\u00a0 Keep the lines of communication open with your [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":"","_wpscppro_dont_share_socialmedia":null,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"default","_twitter_share_type":"default","_linkedin_share_type":"default","_pinterest_share_type":"default","_linkedin_share_type_page":"","_instagram_share_type":"default","_medium_share_type":"default","_threads_share_type":"default","_google_business_share_type":"default","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[1052],"tags":[1359],"class_list":["post-43935","post","type-post","status-publish","format-standard","hentry","category-gas-utilities","tag-november-pgas"],"cp_meta_data":{"_facebook_share_type":["default"],"_twitter_share_type":["default"],"_linkedin_share_type":["default"],"_pinterest_share_type":["default"],"_instagram_share_type":["default"],"_medium_share_type":["default"],"_threads_share_type":["default"],"_google_business_share_type":["default"],"_wpsp_custom_templates":["a:7:{s:8:\"facebook\";a:3:{s:8:\"template\";s:0:\"\";s:8:\"profiles\";a:0:{}s:9:\"is_global\";b:0;}s:7:\"twitter\";a:3:{s:8:\"template\";s:0:\"\";s:8:\"profiles\";a:0:{}s:9:\"is_global\";b:0;}s:8:\"linkedin\";a:3:{s:8:\"template\";s:0:\"\";s:8:\"profiles\";a:0:{}s:9:\"is_global\";b:0;}s:9:\"pinterest\";a:3:{s:8:\"template\";s:0:\"\";s:8:\"profiles\";a:0:{}s:9:\"is_global\";b:0;}s:9:\"instagram\";a:3:{s:8:\"template\";s:0:\"\";s:8:\"profiles\";a:0:{}s:9:\"is_global\";b:0;}s:6:\"medium\";a:3:{s:8:\"template\";s:0:\"\";s:8:\"profiles\";a:0:{}s:9:\"is_global\";b:0;}s:7:\"threads\";a:3:{s:8:\"template\";s:0:\"\";s:8:\"profiles\";a:0:{}s:9:\"is_global\";b:0;}}"],"classic-editor-remember":["classic-editor"],"_edit_lock":["1764023866:25"],"_edit_last":["25"],"_wp_page_template":["default"],"borntogive_page_header_show_hide":["2"],"borntogive_pages_title_show":["1"],"borntogive_pages_Choose_slider_display":["2"],"borntogive_pages_select_revolution_from_list":["3"],"borntogive_pages_slider_pagination":["yes"],"borntogive_pages_slider_auto_slide":["yes"],"borntogive_pages_slider_direction_arrows":["yes"],"borntogive_pages_slider_effects":["fade"],"borntogive_pages_body_bg_wide":["0"],"borntogive_pages_body_bg_repeat":["repeat"],"borntogive_pages_content_bg_wide":["0"],"borntogive_pages_content_bg_repeat":["repeat"],"borntogive_pages_social_show":["1"],"borntogive_strict_no_sidebar":["0"],"borntogive_sidebar_columns_layout":["3"],"borntogive_gallery_slider_pagination":["yes"],"borntogive_gallery_slider_auto_slide":["yes"],"borntogive_gallery_slider_direction_arrows":["yes"],"borntogive_gallery_slider_effects":["fade"],"_wpb_vc_js_status":["false"],"_wpscppro_custom_social_share_image":[""],"_wpscppro_dont_share_socialmedia":["off"],"_wpsp_is_facebook_share":["off"],"_wpsp_is_twitter_share":["off"],"_wpsp_is_linkedin_share":["off"],"_wpsp_is_pinterest_share":["off"],"_selected_social_profile":["a:0:{}"],"_yoast_wpseo_primary_category":["1052"],"_yoast_wpseo_content_score":["30"],"_yoast_wpseo_estimated-reading-time-minutes":["4"],"_wpb_post_custom_layout":["default"]},"_links":{"self":[{"href":"https:\/\/www.citizensutilityboard.org\/wp-json\/wp\/v2\/posts\/43935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.citizensutilityboard.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.citizensutilityboard.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.citizensutilityboard.org\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.citizensutilityboard.org\/wp-json\/wp\/v2\/comments?post=43935"}],"version-history":[{"count":3,"href":"https:\/\/www.citizensutilityboard.org\/wp-json\/wp\/v2\/posts\/43935\/revisions"}],"predecessor-version":[{"id":43948,"href":"https:\/\/www.citizensutilityboard.org\/wp-json\/wp\/v2\/posts\/43935\/revisions\/43948"}],"wp:attachment":[{"href":"https:\/\/www.citizensutilityboard.org\/wp-json\/wp\/v2\/media?parent=43935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.citizensutilityboard.org\/wp-json\/wp\/v2\/categories?post=43935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.citizensutilityboard.org\/wp-json\/wp\/v2\/tags?post=43935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}