Biz Buzz
By Jim Martin, Doug Oathout Erie Times-News staff bloggers
Welcome to Biz Buzz, our daily blog on all things business. Turn here for breaking news on the economy, local industry and area people engaged in the region's companies.   Read more about this blog.
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Posted: April 30th, 2012
Your National Fuel bill is about to go lower

National Fuel Gas Distribution Corp. announced this morning that it will lower its charge for natural gas by 4.1 percent, effective May 1.

The decrease will lower the monthly bill of a typical residential customer using 95,000 cubic feet of gas annually from $76.59 to $73.45. It will also bring the residential Price to Compare to $0.49238 per ccf, which is a key number for those customers shopping for an alternate gas supplier.

“Continued decreases in the market price of natural gas due, in part, to the Marcellus shale gas production, make this quarterly adjustment possible,” said Nancy Taylor, senior manager of corporate communications.

Pennsylvania utility companies are permitted to update gas supply charges on a quarterly basis to reflect changes in the market price of natural gas. National Fuel’s next opportunity to adjust gas supply charges will be Aug. 1.

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