Gas lines mean higher natural gas prices in the Valley - WFMJ.com News weather sports for Youngstown-Warren Ohio

Gas lines mean higher natural gas prices in the Valley

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The productivity of natural gas well in and around the Valley could mean higher prices for gas here at home. 

Dominion Energy customers could expect to see an increase of $0.22 per thousand cubic feet of natural gas. 

The current rate sits at $ 3.7120 /Mcf of gas. 

The increase comes after a supplier auction- in which Dominion purchased a contract with a natural gas supplier. 

As approved by the commission, the SCO is the default rate for certain choice-eligible residential customers, who have not selected an Energy Choice supplier and do not participate in a governmental aggregation program. 

The SSO is the rate for customers who still purchase gas directly from Dominion Energy Ohio, including those not eligible to participate in Energy Choice and certain transitional customers. 

Dominion officials attributed the increase, in large part, to development of additional pipeline capacity in the Appalachian shale production region. 

A release from the company said, "These new pipelines have enabled producers in Ohio and neighboring states to transport a much larger portion of their natural gas outside our region and sell that gas into more lucrative markets, which has led to local price increases, despite rising production levels."

Customers who buy gas from another supplier under Energy Choice or participate in a government aggregation program will continue to receive gas under the prices and terms of their respective supplier contracts.

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