Noteworthy: Wednesday, May 29, 2014
Natural gas price to hold steady
READING - UGI Central Penn Gas (UGI CPG), whose service area includes central and eastern Northumberland County, announced its rates will remain the same June 1 despite record-breaking winter temperatures and demand during the 2013-14 winter heating season.
The rate charged for natural gas, also known as the "purchased gas cost," includes the price of the gas and the transportation costs.
UGI CPG will also submit its Dec. 1 natural gas cost rate projection in an annual filing with the Pennsylvania Public Utility Commission (PUC). If the requests are approved, the average residential heating customer's bill will not change June 1 and will decrease by approximately 2.3 percent Dec. 1.
UGI is required to file its gas cost rates annually for review with the PUC and may adjust these rates quarterly to reflect changes in wholesale natural gas prices.
If the proposed December rates are approved, the bill for a typical residential retail heating customer who uses about 68.4 hundred cubic feet (ccf) of natural gas per month will decrease from $91.64 per month to $89.52 per month Dec. 1. The bill for a typical commercial retail customer using 23.7 thousand cubic feet (Mcf) per month will decrease from $224.91 per month to $217.41 per month. The bill for a typical industrial retail customer using 154.6 Mcf per month will decrease from $1,298.59 per month to $1,249.71 per month.
Customers may call UGI CPG at 1-800-652-0550 to receive further information on the proposed rates.