Thursday, April 2, 2015

Richmond Decreases Purchased Gas Cost

Beginning with the first utility bills in April 2015, natural gas customers of the City of Richmond Department of Public Utilities will see a savings on their monthly utility bill. DPU is lowering the Purchased Gas Cost (PGC) from $0.575 to $0.425 per Ccf (100 cubic feet). By law, the city passes along the cost of the natural gas it purchases and delivers to its customers, dollar for dollar without any markup. Other components of the natural gas bill – the distribution charge and customer charge – are unchanged. 

The PGC rate of the average residential customer who uses 70 Ccfs of natural gas per month
will pay approximately $78.64 compared to a current bill of $86.74. This equates to a 26 percent reduction in the PGC rate charged by DPU, and an overall 12 percent reduction in the entire natural gas bill.

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