READING, PA – UGI Penn Natural Gas (UGI PNG) announced its purchased gas cost rates will increase on September 1, 2016. As a result, the average residential heating customer’s bill will rise by 8.3 percent.
This gas cost increase means an average bill will rise from $76.09 per month to $82.43 per month.
“This increase is a result of the company under-recovering gas costs,” Paul Szykman, UGI’s vice president of rates, said. “Even with this increase, UGI PNG’s residential heating bills remain significantly lower than in 2008. UGI customers have enjoyed both savings and price stability in their natural gas bills in recent years thanks to locally produced shale gas. Shale gas currently makes up approximately 90 percent of UGI’s natural gas supply.”
By law, utilities are required to pass the cost of the natural gas they purchase directly through to customers without any markup.
UGI PNG recognizes some customers may have trouble paying their utility bill. All customers are encouraged to sign up for UGI’s free budget billing program, which spreads bills out over a 12-month period.
In addition, customers with a limited or fixed income should call UGI PNG at 1-800-UGI-WARM (1-800-844-9267) 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 the utility as soon as possible to discuss a payment arrangement.
UGI PNG encourages customers to use energy wisely and make efficiency improvements in their homes. Additional information on energy efficiency and customer assistance programs is available on UGI’s website at www.ugi.com.
UGI Penn Natural Gas serves 178,000 customers in 15 southeastern Pennsylvania counties. Additional information about UGI is available at www.ugi.com on Facebook at www.facebook.com/ugiutilities; and Twitter at www.twitter.com/ugi_utilities.