ALLENTOWN, Pa. - UGI - Gas Division announced Wednesday that its purchased gas coast rates will increase on June 1, according to a press release form the company.
As a result, UGI says the average residential heating customer's bill will increase by 12.5 percent.
UGI says it will also submit its December 1 natural gas cost rate projection in an annual filing with the Pennsylvania Public Utility Commission (PUC) on June 1. The company says it doesn't expect a change from the rate that will be implemented on June 1.
According to the release, UGI is required to file its gas cost rates annually for review with the PUC and may adjust the rates quarterly to reflect the changes in wholesale natural gas prices. By law, utilities cannot earn a profit on the natural gas commodity portion of a customer's bill, according to the release. UGI says utilities are required to pass the cost of the natural gas they purchase directly through customers without any markup.
If the proposed rates are approved, the bill for an average resident who uses about 60.8 hundred cubic feet of natural gas per month will increase from $64.63 per month to $72.71 on June 1 with no additional charge on December 1, according to the release.
The release states the bill for a typical industrial retail customer using 149.8 Mcf per month will increase from $1,361.52 per month to $1,564.53 on June 1 with no additional change on December 1.
You can call UGI at 1-800- 276-2722 to receive further information on the proposed rates.