Wednesday, December 16, 2015

Lower Fuel Costs for Richmond Natural Gas Customers



Beginning with the first utility bills in January 2016, natural gas customers of the city of Richmond Department of Public Utilities (DPU) will see a savings on their monthly utility bill.  Mayor Dwight C. Jones has authorized DPU to lower the Purchased Gas Cost (PGC) portion of the natural gas utility bill from $0.425 to $0.325 per Ccf (100 cubic feet). 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 Ccf’s of natural gas per month will pay approximately $71.11 compared to a current bill of $78.11. This equates to a 24 percent reduction in the PGC rate charged by the City and an overall ten (10) percent reduction in the entire natural gas bill.  

At the time of this release, DPU’s PGC rate is less than or equal to surrounding natural gas franchises. Mayor Jones stated, “This is more good news for our customers. We are always pleased when we are in a position to offer significant savings. The City continues to review and adjust the gas costs on a quarterly basis to reflect the price that DPU pays for natural gas and we’ve been able to steadily reduce the costs over the past year.  By law, we pass along the cost of the natural gas purchased and delivered to our customers, dollar for dollar without any markup.”   

                       

2 comments:

  1. Not seeing it. In fact my bill went from $20 average to $36 average last two months and then our current bill literally doubled. Have not done anything different.

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  2. Things that could be impacting your natural gas bill in the last three months: cold weather. Even if you do not heat with natural gas, you may be taking longer, warmer showers or cooking in more often.

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