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On October 27, the Public Utility Commission approved a rate settlement that would increase the typical monthly charge for PECO Natural Gas Division customers by 9 percent-- from $95.31 to $103.88. The increase will show up on bills as an increase in gas delivery charges.
If PECO Gas customers also bought the natural gas they used from PECO, and did not shop for an competitive supplier, they have seen natural gas costs increase of 103.2 percent percent from September 1, 2021 ($4.0245 Mcf) to September 1, 2022 ($8.1790 Mcf), according to the Public Utility Commission. Read more here.
This natural gas price spike is caused by the international energy markets that set natural gas prices, regardless of where it is produced. Those markets have been significantly impacted by the Russian war in Ukraine and the European natural gas crisis.
Visit the PUC’s PAGasSwitch website to learn how you can shop for a competitive natural gas supplier.
Visit the PUC’s Utility Assistance Programs for information on programs available to help customers manage paying utility bills.
The Department of Human Services will announce PA Low-Income Home Energy Assistance Program (LIHEAP) applications for 2022-23 season will be accepted starting November 1 through April 28.
Click Here for the complete PUC announcement on PECO Gas.
Related Articles:
-- TribLive: Homeowners Brace For Winter As Prices To Heat Homes Skyrocket, Biggest Spike Is For Natural Gas - More Than 34% Increase
-- National Fuel Gas Requests PUC To Approve 9.2% Increase In Base Delivery Charge; Separate Cost Of Gas Up 127.8% Since May 2021 [PaEN]
-- PA PUC: Cost Of Natural Gas Provided By Major Utilities In PA Increased As Much As 154% Over Last Year [PaEN]
-- Ohio River Valley Institute Blog: Natural Gas Costs Are Principal Driver Of Current Inflation; Increasing Gas Production For Export Also Increases Prices And Volatility
NewsClips:
-- Inquirer - Andrew Maykuth: PUC Approves 9% Increase For PECO Natural Gas Customers
-- Pittsburgh Business Times: Range Resources Plans Cutback To One Drilling Rig In 2023 To Keep Production Flat Or Only Slighting Growing, Limiting Capital Expenditures
-- Williamsport Sun Editorial: We Need More Drilling, More Pipelines, More Refineries As Families Struggle With Higher Heating Bills
-- Reuters: U.S. Natural Gas Price Gains 5% On Technical Move, Forecast LNG Export Rise
Related Articles This Week:
-- DEP: PA General Energy Cited For More Water Pollution Violations, Blocking The Whole Width Of Loyalsock Creek At Gas Pipeline/Water Withdrawal Construction Site In Lycoming County [PaEN]
-- DEP Permit Notices -- Oil & Gas Industrial Facilities [PaEN]
-- Senate, House Pass Massive, 20-Year Taxpayer Subsidies For Natural Gas, Hydrogen And Petrochemical Industries In Hours With No Public Accountability Or Environmental Safeguards [PaEN]
-- Citizens Voice Editorial: State Insists On Paying Polluters [PaEN]
-- Scranton Times/Republican Herald Editorial: Legislators Like Plastics, Expect More [PaEN]
-- Bill Goes To Governor Creating Well Plugging Grant Program; Senate, House Again Fail To Address Woefully Inadequate Conventional Well Plugging Bonding [PaEN]
-- Senate Committee OK’d Bills Rebranding Fossil Fuels As ‘Low Emission,’ Eliminating Incentives For EVs; Fails To End Ban On Raising Conventional Oil & Gas Well Bonding; Reports Out EHB Nominee Sarah Clark [PaEN]
-- Pine Creek Headwaters Protection Group: Potential Impacts Of Shale Gas Development Forest Fragmentation On Tioga State Forest Birds - By Dr. Robert M. Ross [PaEN]
-- DCNR Leased 176 Acres Of Susquehanna River Submerged Land To SWN Natural Gas Production Company In Susquehanna County For $704,000 [PaEN]
-- Public Herald: Public Records Show PA Has 10,543 Injection Wells Where Conventional Oil & Gas Drilling Wastewater Is Often Used For Enhanced Recovery Of Oil & Gas
-- Penn State Research: PFAS 'Forever Chemicals' Persist Through Wastewater Treatment, May Enter Crops - By Penn State News [PaEN]
-- A Study Finding Microplastics In 100% Of Exceptional Value, High Quality, Class A Trout Streams Sampled In PA Is Disturbing To Wildlife Advocates [PaEN]
[Posted: October 27, 2022]
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