© 2024 Louisville Public Media

Public Files:
89.3 WFPL · 90.5 WUOL-FM · 91.9 WFPK

For assistance accessing our public files, please contact info@lpm.org or call 502-814-6500
89.3 WFPL News | 90.5 WUOL Classical 91.9 WFPK Music | KyCIR Investigations
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Stream: News Music Classical

Natural Gas Prices To Increase

Natural gas prices will be going up again this winter in Kentucky. An increase in gas-fired power plants and an unstable market are responsible for the increase.Most of the natural gas that will be used this winter was purchased and stored in the summer, during a price spike. That was caused by a rush on Wall Street to purchase commodities, which seemed safe in an uncertain market.Kentucky Public Service Commission spokesperson Andrew Melnykovych says the same uncertain market may protect prices from another spike next year.“Typically what happens to energy prices when you’ve got an economic downturn is the energy prices tend to come down because the demand either declines or just doesn’t grow as fast," he says.Melnykovych says natural gas will cost about 17 percent more this coming winter, which is close to the national average increase.

Tags

Can we count on your support?

Louisville Public Media depends on donations from members – generous people like you – for the majority of our funding. You can help make the next story possible with a donation of $10 or $20. We'll put your gift to work providing news and music for our diverse community.