RICHMOND, VA (WWBT) - Lower fuel costs are in the near future for natural gas customers in Richmond.
The Department of Public Utilities says in January customers will see a 24 percent reduction in the Purchased Gas Cost, or PGC, rate charged by the City and an overall ten percent reduction in the entire natural gas bill. The unreasonably warm weather means people are using less natural gas heat to their homes. More supply and less demand means bigger savings.
Columbia Gas of Virginia customers will see a difference in their bills immediately. Each month, Columbia Gas of Virginia customers will save around $13, while Richmond Natural Gas customers will save, on average, $7 a month. After a year, the monthly savings adds up to $163 for Columbia and $84 for Richmond. The savings equals six tank fill ups for a Columbia customer and about three tanks for a Richmond customer. The savings could also mean extra cash for the holidays.
"For an average residential customer who uses 70 Ccf's of natural gas per month will pay approximately $71.11 compared to a current bill of $78.11," explained a press release from the City of Richmond Department of Public Utilities.
The department also pointed out that across all energy sectors, including electricity, heating oil, and propane, "natural gas prevails as the most efficient and economical choice of fuel for home heating, water heating, cooking and clothes drying."
For more information on how this will impact your bill, and details on how to enroll in the Equal Monthly Payment Plan, you can call the DPU at 804-646-7000 or online at www.richmondgov.com/dpu.
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