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Natural gas price may explode by 40%

Enbridge Gas has made an application to the Ontario Energy Board to increase the price of natural gas by 40 per cent.

Enbridge says its reserves have been depleted by the cold weather in North America this winter.

For a customer that uses 3,000 cubic metres — an average household — the increase would be about $400.

The OEB will review the application before being implemented on April 1.

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