Michigan Agency for Energy: Lock in propane prices ahead of the heating season, get an early fill

Rick Snyder, Governor
Anne Armstrong Cusack, Executive Director

 

July 17, 2018‚Äč  — FOR IMMEDIATE RELEASE

Contact: Judy Palnau 517-284-8300
Customer Assistance: 800-292-9555

LANSING, Mich. – Michigan’s propane customers are advised to lock in fuel prices now, well ahead of the heating season, says the Michigan Agency for Energy (MAE).

“While U.S. propane stocks are slightly higher than last year’s levels at this time, they are 27 percent below levels seen in 2016,” said Anne Armstrong Cusack, MAE executive director. “It is wise to sign contracts soon – instead of waiting until the winter when demand is higher. Acting now can result in significant savings.”

More than 8 percent of Michigan households use propane as their primary heating fuel, and the state leads the nation in total residential propane consumption.

To assist propane customers with their decisions, MAE’s propane consumer tips sheet has useful advice on selecting a propane provider, such as:

  • The advantages of budget plans, pre-pay plans and fixed-price plans compared to market prices
  • Being aware of fees and other charges, in addition to the cost of propane
  • The customer’s safety and maintenance responsibilities when owning a propane tank, compared to renting or leasing a propane tank.

More tips, including a list of helpful questions to ask before signing a contract, are also covered MAE’s propane consumer tips sheet.

Click here to watch MAE’s propane public service announcement.

While propane prices are not regulated, MAE does monitor supplies and makes available weekly, statewide average residential prices on its website during the heating season, beginning Oct. 1. Additional information on propane is available here.

To keep up on MAE matters: Website | Listserv | Facebook | Twitter | LinkedIn

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