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National Fuel Gas Applies To Raise Gas Supply Charges By Nearly 41 Percent

July 30, 2016
By

National Fuel Gas has submitted to the state’s Public Utility Commission a plan that would raise the gas supply charges it passes on to their customers by 41 percent, which would become effective August 1.

The company says “the main driver of the increase is projected higher natural gas supply charges,” which have been abnormally low this year because of the warmer weather we experienced last winter.  They also admit, though, that market prices for natural gas continue to remain near ten-year lows due to the large supply of Marcellus shale gas in this part of the country.

National Fuel says  the quarterly adjustment would increase the monthly bill of a “typical residential customer” (one using 97,100 cubic feet of natural gas each year) by about $20.82.

The utility is required to pass along to customers, dollar for dollar with no mark-up or profit, increases in the gas supply charges they incur.  Adjustments to updated annual charges may be made on a quarterly basis.

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