Enbridge Paying Customers to Stick With Natural Gas

CBC News reported that Enbridge’s (TSX:ENB) gas business in New Brunswick has had to start offering money to commercial customers in order to keep them from switching to cheaper propane retailers.

As quoted in the publication:

In New Brunswick, smaller commercial businesses pay the highest distribution rates for natural gas in the province — currently more than double what residential users pay.

That, plus the price of the gas itself, has made using natural gas less and less attractive for commercial customers in New Brunswick as propane prices have fallen.

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