Mercer County natural gas rates drop 5.6 percent - WFMJ.com News weather sports for Youngstown-Warren Ohio

Mercer County natural gas rates drop 5.6 percent

Posted: Updated:
ERIE, Pa. -

Pennsylvanians who are customers of National Fuel Gas will see typical monthly bills drop from $81 to $77 dollars beginning today.

The company has announced that its annual adjustment to Gas Supply Charges will be a 5.66 percent decrease for customers in Mercer and 13 other counties in northwestern Pennsylvania.

The decrease also brings the residential Price to Compare to $.56316 per ccf. Ccf, or centum cubic-feet, denotes100 cubic feet of natural gas, which is the standard reference point used by customers shopping for an alternate gas supplier.

“This decrease reflects National Fuel’s ability to purchase lower cost gas supplies, the majority of which comes from northeast production,” said Sandra James, Director of Corporate Communications. “By law, National Fuel cannot make a profit on the natural gas sold to our customers. What we pay for our gas supply is what we must pass along to our customers, dollar for dollar.”

National Fuel projects annual Gas Supply Charges each year on August 1 and can then update those charges through quarterly reconciliation of actual costs against projections. Any necessary updates can be made on November 1, February 1 and May 1.

National Fuel is required by law to pass any increase or decrease in Gas Supply Charges on to customers with no mark-up or profit. The Gas Supply Charge also includes all the charges the Company must pay to transport and store gas for its customers. As a result, National Fuel Gas says the Gas Supply Charges on a customer’s bill will never exactly match the spot market price of gas, which reflects only the current daily price of the commodity.

Delivery Service Charges, or the cost of delivering natural gas to customers, represent the Company’s cost of doing business. National Fuel says that its Delivery Service Charges have remained the same for the Company’s Pennsylvania customers since January 2007.

Delivery Service Charges are regulated by and ultimately determined by the Pennsylvania Public Utility Commission.

National Fuel serves approximately 213,000 customers.

 

  • More From wfmj.comHot ClicksMore>>

  • Billy Graham's body arrives at namesake library

    Billy Graham's body arrives at namesake library

    Sunday, February 25 2018 2:24 PM EST2018-02-25 19:24:44 GMT
    (AP Photo/Nell Redmond, File). FILE - In this Dec. 20, 2010 file photo, evangelist Billy Graham, 92, speaks during an interview at the Billy Graham Evangelistic Association headquarters in Charlotte, N.C. Graham, who died Wednesday, Feb. 21, 2018, at h...(AP Photo/Nell Redmond, File). FILE - In this Dec. 20, 2010 file photo, evangelist Billy Graham, 92, speaks during an interview at the Billy Graham Evangelistic Association headquarters in Charlotte, N.C. Graham, who died Wednesday, Feb. 21, 2018, at h...
    The Rev. Billy Graham's body will be brought to his hometown of Charlotte on Saturday as part of a procession expected to draw crowds of well-wishers.More >>
    The Rev. Billy Graham's body will be brought to his hometown of Charlotte on Saturday as part of a procession expected to draw crowds of well-wishers.More >>
  • Caller told FBI Florida shooting suspect 'going to explode'

    Caller told FBI Florida shooting suspect 'going to explode'

    Sunday, February 25 2018 1:41 PM EST2018-02-25 18:41:52 GMT
    (Mike Stocker/South Florida Sun-Sentinel via AP). Margarita Lasalle, a bookkeeper and Joellen Berman, a guidance data specialist, look at a memorial Friday, Feb. 23, 2018 as teachers and school administrators returned to Marjory Stoneman Douglas High S...(Mike Stocker/South Florida Sun-Sentinel via AP). Margarita Lasalle, a bookkeeper and Joellen Berman, a guidance data specialist, look at a memorial Friday, Feb. 23, 2018 as teachers and school administrators returned to Marjory Stoneman Douglas High S...
    A woman close the man charged with killing 17 people at a Florida high school warned the FBI he had rifles and said, "I know he is going to explode.".More >>
    A woman close the man charged with killing 17 people at a Florida high school warned the FBI he had rifles and said, "I know he is going to explode.".More >>
  • After years of dejection, proponents of gun laws see hope

    After years of dejection, proponents of gun laws see hope

    Sunday, February 25 2018 12:09 PM EST2018-02-25 17:09:14 GMT
    (Michael Laughlin/South Florida Sun-Sentinel via AP, File). FILE - This Feb. 21, 2018 file photo shows Marjory Stoneman Douglas High School student Cameron Kasky, left, asking a question to Sen. Marco Rubio during a CNN town hall meeting in Sunrise, Fl...(Michael Laughlin/South Florida Sun-Sentinel via AP, File). FILE - This Feb. 21, 2018 file photo shows Marjory Stoneman Douglas High School student Cameron Kasky, left, asking a question to Sen. Marco Rubio during a CNN town hall meeting in Sunrise, Fl...
    "Our kids have started a revolution:" Teens' activism after Florida school shooting has some hopeful for action on gun policy.More >>
    "Our kids have started a revolution:" Teens' activism after Florida school shooting has some hopeful for action on gun policy.More >>
Powered by Frankly
All content © Copyright 2000 - 2018 WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms