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SourceGas customers to see lower natural gas prices

SourceGas Distribution LLC has filed its annual Gas Cost Adjustment (GCA) with the Colorado Public Utilities Commission (CPUC) for its southwestern service area.

The filing reflects a decrease of 1.33 percent in a customer’s total annual bill for the upcoming period which begins Nov. 1, 2012, and continues through Oct. 31, 2013.

In accordance with state law, the company recovers the cost it pays to purchase natural gas on behalf of its customers on a dollar-for-dollar basis, without realizing any profit or loss. The GCA mechanism ensures that customers pay exactly the same amount the company paid to purchase natural gas for them.

The new rates, if approved, will take effect Nov. 1 and will be reflected in the next billing cycle.

For residential customers in the southwestern service area, the total of the new volumetric rates will be $0.7398 per therm. Based on an average monthly usage of 68 therms, the typical household will now pay an average of about $60.45 per month instead of about $61.26 per month for natural gas service. Residential customers who typically use 148 therms in January (when bills are usually the highest) will pay approximately $119.63, a decrease of about $1.78, or approximately 1.46 percent, for their bill in January 2013, compared to January 2012. Small business customers who typically use 263 therms in January will pay approximately $197.94, a decrease of about $3.16, or approximately 1.57 percent for their January 2013 bill compared to the same period in 2012.

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