08/31/2012 04:47 EDT | Updated 10/31/2012 05:12 EDT

Albertans to pay less for natural gas in September due to softening market

EDMONTON - A drop in natural gas prices will help some consumers in September, but could be bad news for the Alberta government's bottom line.

Direct Energy says people on the regulated rate plan who live in and north of Red Deer will pay about $1.82 per gigajoule for natural gas, a drop from $2.31 in August.

The company says a typical consumer bill in September will be $54.

Atco Gas regulated rate customers south of Red Deer will pay $1.70 per gigajoule of gas, down from $2.18.

The typical bill for consumers in this area will be $44 in September.

Alberta adjusted its natural gas price budget projections Thursday from $3 per gigajoule to $2 per gigajoule, a potential revenue drop of $280 million over one year.