National Fuel adjustment will decrease bills

From staff reports

National Fuel Gas Distribution Corp. has submitted to the Pennsylvania Public Utility Commission its quarterly adjustment to gas supply charges that will take effect Monday.

The adjustment decreases the monthly bill of a typical residential customer with annual usage of 102,800 cubic feet of gas by $4.52, from $97.19 to $92.67.

The rate adjustment is primarily due to lower market prices for natural gas, which have decreased the cost of natural gas supplies that National Fuel purchases for customers, according to a press release from National Fuel.

The supply costs are passed along to customers dollar for dollar, with no mark-up or profit to National Fuel.

Pennsylvania utility companies are permitted to update gas supply charges on a quarterly basis to reflect changes in the market price of natural gas.

The next opportunity to adjust gas supply charges will be Aug. 1.

National Fuel’s price-to-compare gas commodity charge also will decrease to $0.69464 per 100 cubic feet (ccf).