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FOR IMMEDIATE RELEASE Aug. 6, 2019
Contact: Nick Assendelft 517-284-8300
Customer Assistance: 800-292-9555
MPSC encourages propane customers to shop now for best prices
LANSING, Mich. – It may be the middle of summer, but now is a good time to think about locking in propane fuel prices for this winter.
The Michigan Public Service Commission urges Michiganders to shop around to find the best deals from local suppliers. Locking in lower prices now could mean significant savings over market prices when the weather turns cold and demand heats up. Research your options, ask questions, and get everything in writing.
Here are five things to think about when shopping for propane:
- Budget plans, pre‐pay plans, and fixed‐price plans can offer consumers savings when compared to buying at market price.
- Ask about fees and other charges such as those for installation or minimum annual usage requirements.
- Be aware that the price per gallon may increase after the pre‐paid allotment is used up.
- Decide whether it’s best to rent, lease, or own the propane supply tank. If switching providers, that may affect the on-site tank that’s being used.
- Understand the contract before signing. A written contract explains the rights and responsibilities of buyer and seller.
Find more tips and key questions to ask a supplier in the MPSC’s propane consumer tip sheet.
Michigan leads the nation in total residential propane consumption, with more than 8 percent of households – or an estimated 320,000 -- using propane as their primary heating source. Propane use is significantly higher in rural Michigan, with 18 percent of Upper Peninsula residents and nearly 24 percent of those living in the northern Lower Peninsula relying on propane as a primary heating source, according to the MPSC’s Statewide Energy Assessment.