UGI Utilities, Inc. – Gas Division (UGI) announced that its purchased gas cost rates will remain unchanged on June 1, 2023 and projects a decrease in rates on December 1, 2023.
UGI will submit its December 1 natural gas cost rate projection in an annual filing with the Pennsylvania Public Utility Commission (PUC) on June 1, 2023.
“Natural gas prices have moved lower over the last few months, providing welcome relief for our purchased gas customers,” Paul Szykman, UGI Chief Regulatory Officer, said. “Natural gas provides a clean, reliable, and locally produced energy choice.”
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. By law, utilities cannot earn a profit on the natural gas commodity portion of a customer’s bill. Utilities are required to pass the cost of the natural gas they purchase directly through to customers without any markup.
If UGI’s projected rates for December 1 are approved, the bill for a typical residential heating customer who uses 73.1 hundred cubic feet (ccf) of natural gas per month will decrease on December 1 from $114.13 per month to $100.07 or 12.3 percent.
The bill for a typical commercial heating customer using 28.77 thousand cubic feet (Mcf) per month will decrease on December 1 from $360.88 to $306.53 per month or 15.1 percent. (In the former North rate district, the bill will decrease on December 1 from $357.59 to $303.24 or 15.2 percent).
The bill for a typical industrial retail customer using 92.39 Mcf per month will decrease on December 1 from $1,097.04 per month to $922.48 or 15.9 percent. (In the former North rate district, the bill will decrease on December 1 from $1,086.48 to $911.92 or 16.1 percent).
Customers may call UGI at 1-800-276-2722 to receive further information on the proposed rates or to find out what actions they may take. UGI encourages customers to use energy wisely and make efficiency improvements in their homes. All customers are encouraged to sign up for UGI’s free budget billing program, which spreads bills out over a 12-month period. Customers with a limited or fixed income should call UGI at 1-800-UGI-WARM to determine if they are eligible for one of several energy assistance programs.
UGI Utilities, Inc. is a natural gas and electric utility headquartered in Denver, PA. UGI serves more than 740,000 customers in 45 Pennsylvania counties and one county in Maryland. Additional information about UGI is available at www.ugi.com.