Heritage Gas Allowed to Cut Rates to Keep Customers from Switching to Propane

The CPA was an active participant in Heritage Gas’s application to the Nova Scotia Utility and Review Board (NSURB) to reduce rates to some of its commercial customers. Heritage Gas argued it needed to reduce rates due to competitive pricing pressures from other energy commodities – primarily from propane. The board approved its application. The CPA is disappointed with the NSURB’s decision to not allow the market to run its course. Members of the propane industry strongly believe that the marketplace should decide how prices are set. Consumers can then make their own decisions as to which energy source is best for them. The story was covered by CBC News: Heritage Gas granted permission to base prices on market conditions and The Chronical Herald: Heritage Gas cuts price in bid to keep customers.