Natural gas prices cut in Utah – Telemundo Utah

Natural gas prices cut in Utah – Telemundo Utah
Natural gas prices cut in Utah – Telemundo Utah

SALT LAKE CITY, UTAH – The Utah Public Service Commission (PSC) has approved Enbridge Gas Utah’s request to reduce natural gas rates by 29.53%.

The decrease will reduce the typical residential customer’s monthly bill by $23.12 and the annual bill by $277.44.

The rate reduction went into effect on July 1, 2024, and most customers should begin seeing the reduction on their bill by the end of this month or early August, depending on their billing cycle.

“We are pleased to be able to offer such a large reduction to customers and return our rates to some of the lowest in the country,” said Judd Cook, vice president and general manager of Enbridge Gas Utah. “Over the past few years, we have seen record-high natural gas costs. We know that has had an impact on our customers. In addition to providing safe and reliable service, affordability is extremely important and we are working hard to pass along the savings from natural gas cost reductions as quickly as possible to those we serve.”

At least twice a year, Enbridge Gas Utah and the PSC use third-party forecasts of natural gas prices to estimate how much the utility’s rates should be adjusted to cover the anticipated costs of purchasing natural gas for its customers.

These costs are passed on to customers without any markup and have no impact on the utility’s profits. “Transmission” adjustments simply allow the utility to change rates to reflect changes in gas supply and other costs.

While our rates remain affordable and lower than national and regional averages, we understand the economic challenges our customers face due to inflation.

We will continue to provide the financial assistance and flexible payment plans our customers need to stay current on their monthly bills.

About Enbridge Gas Utah Enbridge Gas Utah, formerly Dominion Energy Utah, safely serves more than 1.2 million customers in Utah, Wyoming and Idaho with reliable, affordable natural gas, and we are innovating to contribute to a sustainable energy future. Celebrating 95 years, Enbridge Gas Utah is owned by Enbridge (ENB), a Canadian leader in energy transportation and distribution.

 
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