UGI to Decrease Natural Gas Rates 2% in September 2006
31 Aug 2006
Reading, PA (August 31, 2006) – UGI Utilities, Inc. – Gas Division announced that its purchased gas cost rates will decrease on September 1, 2006 due to lower wholesale gas prices. As a result, the average residential heating customer’s bill will decrease by approximately 2%, from $141.46 to $138.43 per month.
According to Vicki O. Ebner, UGI’s Vice President of Marketing & Gas Supply, “We are pleased to be able to pass along another rate decrease to our customers.” According to Ebner, the rate change on September 1 will be UGI’s fourth purchased gas cost decrease in 2006. The net effect of these four rate decreases is a 9% reduction in customer bills, which peaked last winter following hurricanes Katrina and Rita.
By law, utilities can not 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.
UGI continues to encourage customers to use energy wisely. All customers are encouraged to sign up for UGI’s free budget billing program, which spreads bills out over a 12-month period. Customers with a limited or fixed income should call UGI at 1-800-UGI-WARM 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 as soon as possible to discuss a payment arrangement with the utility.
UGI’s Gas Division is headquartered in Reading, PA and serves 307,000 customers in 14 southeastern Pennsylvania counties. Additional information about UGI Gas Division is available at www.ugi.com.