By Konstantine Fekos
The typical residential National Fuel Gas customer will see a monthly bill increase of nearly 8 percent under an increase set to go into place tomorrow.
This increase raises the monthly bill of a typical residential customer in northwestern Pennsylvania using ninety-thousand cubic feet annually from $73.99 to $79.79, or 7.85 percent.
“The main driver of the increase is higher gas adjustment charges,” said Sandra James, director of corporate communications. “By law, National Fuel cannot make a profit on the natural gas sold to our customers.”
A company spokesperson said the increase is a reflection of the market price of gas, the pipeline and storage costs associated with gas purchases made for customers and any gas adjustment charges for the over or under collection of purchased gas costs from previous years.
For more details, see Thursday’s edition of The Meadville Tribune.