UGI CPG to Decrease Natural Gas Rates 2.2% on March 1
29 Feb 2012
Reading, PA (February 29, 2012) – UGI Central Penn Gas (UGI CPG) announced today that its purchased gas cost rates will decrease on March 1, 2012 due to lower wholesale natural gas costs. As a result, the average residential heating customer’s bill will decrease approximately 2.2 percent, from $96.24 to $94.17 per month. With this decrease, the average monthly bill for customers will be nearly 30% lower than it was 4 years ago.
According to Vicki O. Ebner, Senior Vice President, Customer & Government Relations, “Continued lower natural gas prices supported by the introduction of Marcellus Shale gas into the market has helped create additional savings that we are pleased to be able to pass on to our customers. The lower market price and reduced price volatility are adding to the value of choosing natural gas for homes and businesses.”
By law, utilities cannot earn a profit on the natural gas commodity portion of a customer’s bill. They are required to pass the cost of the natural gas they purchase directly through to customers without any markup. Purchased gas cost rates may be adjusted quarterly.
Natural gas is an extremely clean fuel, with significantly lower carbon emissions than oil or electric, but conserving energy is both good for the planet and can help reduce household bills. “Natural gas is an efficient and affordable energy source, but we continue to urge customers to take steps to use energy wisely and increase efficiency whenever possible,” Ebner stated.
In addition, UGI CPG offers a free Budget Billing Plan that is designed to spread payments out evenly each month. Customers with a limited or fixed income are
encouraged to call UGI CPG at 1-800-652-0550 to determine if they are eligible for one of several energy assistance programs. Finally, any customer who is behind on their gas bills should contact UGI CPG as soon as possible to discuss a payment
UGI Central Penn Gas, Inc., headquartered in Reading, Pennsylvania, is a wholly owned subsidiary of UGI Utilities, Inc. UGI Central Penn Gas serves approximately 76,000 customers in 35 counties in eastern and central Pennsylvania. For more information, visit www.ugi.com, or follow us on Facebook at www.facebook.com/UGIUtilities, Twitter at www.twitter.com/UGI_Utilities and UGI’s blog, “UGI Connection”: http://blog.ugi.com.