UGI to Decrease Natural Gas Rates 4.3% on March 1, 2012
29 Feb 2012
Reading, PA (February 29, 2012) – UGI Utilities, Inc. – Gas Division (UGI) announced today that its purchased gas cost rates will decrease on March 1, 2012 due to the continued lower wholesale natural gas costs. As a result, the average residential heating customer’s bill will decrease approximately 4.3 percent, from $93.72 to $89.64 per month. With this decrease, the average monthly bill for customers will be more than 40% 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
“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 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 at 1-800-UGI-WARM (844-9276) 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.
UGI’s Gas Division is headquartered in Reading, Pennsylvania and serves
approximately 340,000 customers in 15 southeastern Pennsylvania counties. Additional
information about UGI’s Gas Division is available online at www.ugi.com, on Facebook
at www.facebook.com/UGIUtilities, Twitter at www.twitter.com/UGI_Utilities and UGI’s
blog, “UGI Connections”: www.ugi.com/blog.