PSE seeks overall 1.5 percent increase in natural gas rates

September 26, 2013

By Staff

NEW — 6 a.m. Sept. 26, 2013

Puget Sound Energy has filed a request with Washington state regulators to increase natural gas rates for the upcoming winter season by an overall 1.5 percent, effective Nov. 1.

If approved by the Utilities and Transportation Commission, the proposed purchased gas adjustment will increase a typical household’s natural gas bill (based on 68 therms of average monthly usage over a 12-month period) by 1.4 percent, or $1.07, to $78.55.

That is about what PSE customers were paying in 2010. Commercial rates would increase by about 1.6 percent.

The increase reflects a reduction of a credit included in current rates for the cost of natural gas supplies PSE purchased for customers. While domestic supplies of natural gas are abundant, the wholesale price of natural gas has increased slightly in the past year.

The purchased gas adjustment is a UTC-approved mechanism that allows Washington state’s natural gas utilities to periodically adjust rates, up or down, to reflect changes in the price of the natural gas supplies that utilities purchase and deliver to customers. PSE does not financially profit or lose on the cost of natural gas purchased for customers.

Bookmark and Share
Other Stories of Interest: , ,

Comments

2 Responses to “PSE seeks overall 1.5 percent increase in natural gas rates”

  1. Tracy Franks on September 26th, 2013 8:01 am

    Why won’t Washington allow us to de-regulate and choose who we receive our gas & electric supply from? Half of the states in the US already have and it is working for them and pushing rates down for consumers. It would be nice to have a CHOICE!

  2. Scott Brown on October 31st, 2013 6:54 am

    Tracy Franks
    I lived in a state that de-regulated gas. The price to heat a home went up to three
    what they were paying. Some went to total electric for that reason.

Got something to say?

Before you comment, please note:

  • These comments are moderated.
  • Comments should be relevant to the topic at hand and contribute to its discussion.
  • Personal attacks and/or excessive profanity will not be tolerated and such comments will not be approved.
  • This is not your personal chat room or forum, so please stay on topic.