The situation is no better here in New Brunswick.
Right now they are $4.99Cad, I bought mine this last july for $4.29cad.
Its going up, when I bought my stove I expected a sharp increase in the price of electricity, (the company asked for an increase of 17%) and I calculated that with a reasonable increase yearly afterwards in the price of both pellets and electricity (3%/year), I would save enough to pay the stove in 5-7years.
Well, it turns out, the governement has decided to cap the increase of electricity to 8% and is also not charging the provincial tax (8%),so basically electricity only went up 6%.
The only positive side of all this is that the governement at the same time, also removed the provincial tax (8%) for all energy sources, but we can only claim it in November, but in the meantime there was an election and the oposition won, so right now I am not sure if that rebate is still on.
In the meantime pellets went from $3.79/bag in march when I bought them to $4.29 this july (altough there were places that were selling them at $5.25) to $4.99 currently which means an increase of 30%.
I paid 13% more in july and now they are 30% higher than this past march... I shudder to think what they will be next year.
And here I thought, pellets would be cheap because after all the wood industry is huge in New Brunswick and with the amount of waste that they produce, pellets would be relatively cheap...
Once again fooled by what looked like simple logic...