Showing posts from April 1, 2018

City Lowers Purchased Gas Cost

Beginning with May 2018 utility bills, Richmond Gas Works customers will see a savings on their monthly natural gas bill.  The cost for purchased natural gas (PGC) will decrease from its current $0.525 per 100 cubic feet (1 Ccf) to $0.400, an estimated savings of $8.75 monthly to the average natural gas customer.  At the date of this release other components of the natural gas bill – the distribution charge at $.552 and customer charge at $12.98 – are unchanged.     
 The PGC rate of the average residential customer who uses 70 Ccf’s of natural gas per month will pay approximately $79.62 compared to a current bill of $88.37.  This equates to a 23.8 percent reduction in the PGC rate charged by Richmond Gas works and an overall ten (10) percent reduction in the entire natural gas bill.  Richmond Mayor Levar Stoney attributes the decrease to impending warmer weather in our area and the downward pressure on natural gas prices.      

DPU Interim Director Rosemary Green says, “This is go