National Fuel Raising Rates
National Fuel Gas customers will see a 20 percent increase in their bills starting Sunday.
The monthly bill of a typical customer will go form $76.21 to $91.74.
Nancy Taylor of National Fuel says the primary reason for this increase is the completion of a refund of previous over-collections that has been included in rates for the past year.
She adds that the market price for natural gas is projected to be greater the current rate.
National Fuel projects annual Gas Supply Charges each year on August 1 and can then update them through quarterly reconciliation of actual costs against projections. Any necessary updates can be made on November 1, February 1 and May 1.
The monthly bill of a typical customer will go form $76.21 to $91.74.
Nancy Taylor of National Fuel says the primary reason for this increase is the completion of a refund of previous over-collections that has been included in rates for the past year.
She adds that the market price for natural gas is projected to be greater the current rate.
National Fuel projects annual Gas Supply Charges each year on August 1 and can then update them through quarterly reconciliation of actual costs against projections. Any necessary updates can be made on November 1, February 1 and May 1.
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