Just a few months ago, the state's largest utilities were estimating that customers could pay up to 45 percent more to heat their homes this winter with natural gas.
But Xcel Energy's, Patrick Boland, says the situation is looking better.
"We were anticipating earlier this summer that prices were going to be significantly higher. And I think with everything with the economy and the overall status of natural gas in the country the prices have come down quite a bit," Boland said.
Boland said consumers can do several things to lower their heating costs. He recommends using a programmable thermostat, which he said has saved some customers as much as 20 percent on heating costs.
Boland also suggesting winterizing your home. That includes putting plastic on windows, applying weather stripping around doors, and getting an insulating blanket for the water heater.