It will cost you a little less to heat your home or operate your business with natural gas this winter.
Oregon Public Utility Commission
The Oregon Public Utility Commission has approved new rates to take effect beginning Nov. 1, to reflect changes in commodity natural gas prices.
Natural gas rates are going down in Oregon for the customers of all three regulated natural gas utilities. The reduction in the weighted average cost of gas is generally the result of the continued increase in natural gas supply coupled with an overall reduction in customer demand.
The winter of 2014- 2015 was significantly warmer than normal, leading to lower customer demand which led to reduced wholesale natural gas prices in the winter and spring. The downward pressure on wholesale prices has continued even after the winter period due to the abundance of natural gas in storage and continued high natural gas production levels.
NW Natural – UG 298
Overall – A decrease of $87.6 million, or 12.9 percent
- Residential 11.0 percent decrease
- Commercial 12.6 percent decrease
- Industrial 21.1 percent decrease
With these changes, the monthly bill of a typical residential customer using 53 therms per month will decrease by $4.14, or -6.7 percent, from $61.70 to $57.56.
Avista Utilities – UG 289 Overall
A decrease of $14.6 million, or 14.1 percent
- Residential 12.6 percent decrease
- Commercial 16.2 percent decrease
- Industrial 22.3 percent decrease
With these changes, the monthly bill of a residential customer using an average of 46 therms per month will decrease by $7.86, or -12.6 percent, from $62.47 to $54.61.
Cascade Natural Gas – UG 299 Overall
A decrease of $5 million, or 8 percent
- Residential 6.6 percent decrease
- Commercial 7.5 percent decrease
- Industrial 13.5 percent decrease
With these changes, the monthly bill of a typical residential customer using 56 therms per month will decrease by $3.56, or -6.6 percent, from $53.80 to $50.24.
The Oregon Public Utility Commission approves adjustments to each of the company’s rates once a year to reflect the actual cost of the wholesale price of natural gas. This allows natural gas companies to pass through their actual cost of purchasing gas. There is no markup of the price.
Oregon’s natural gas arrives through pipelines connected to gas fields in Canada and the Rocky Mountain region, which have ample supplies.
For more details, call 503-378-6611.