The Philadelphia Gas Works (PGW) will lower natural gas bills for the next three months.
PGW announced on Thursday the average residential heating customer will pay about 2.2 percent less per month beginning Sept. 1. The rate will stay in effect through Dec. 1.
“On behalf of our customers, PGW is committed to purchasing the lowest priced natural gas that we can,” said Craig White, President and Chief Executive Officer for PGW.
The rate change reflects a decrease in the forecasted price of the gas purchased from PGW suppliers.
PGW’s residential natural gas rates are made up of two main components: a supply charge and delivery charge:
- The supply charge is the part of the bill that reflects the amount of gas used by the customer. This charge is what PGW pays for the gas and is passed on to the customer without markup.
- The delivery charge includes the cost of delivering natural gas to the customer’s meter,
distribution system maintenance and customer billing costs, as well as weather adjustments.
Customers of Delmarva Power could also see lower heating bills this winter.
Delmarva Power said Wednesday that it is asking state regulators to approve a rate reduction that would trim the average residential customer's bill by $6.29 a month, about 3.7 percent.
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Rate changes are subject to approval by the Public Service Commission.