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Article: Do Heating Bills Leave You Cold? Natural Gas Costs To Rise Sharply In 2008- Are You Prepared?
- Article from:
- Business Wire
- Article date:
- September 4, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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JACKSONVILLE, Fla. -- Utility costs are one of the largest operating expenses facing multifamily property owners. The demand for natural gas in the US has more than doubled over the past two decades and natural gas prices are constantly on the rise. In this heating season alone, natural gas prices are expected to increase sharply - by as much as 50%.
Until today, there was not an effective and reliable way to bill residents for heat system expenses because of device tampering and undetected hardware malfunctions. The industry has forged ahead despite some early challenges because the benefits of heat cost allocation far outweigh the risks. Thankfully, those early ...