UGI Utilities, Inc. announced a 7.1% increase in purchased gas cost rates, causing the average residential heating customer's monthly bill to rise from $104.37 to $111.73. The rate hike stems from colder temperatures driving increased natural gas demand and subsequently higher supply costs.
Under regulatory requirements, utilities are mandated to pass natural gas purchase expenses directly to customers without additional markup. The price adjustment reflects current market conditions and energy consumption patterns in the region.
The utility recognizes potential financial challenges for customers and offers multiple support mechanisms. These include budget billing options, flexible payment methods through online and mobile platforms, and an auto-pay program to help manage bill payments.
For customers experiencing financial strain, UGI provides access to energy assistance programs. Eligible individuals can explore support through federally funded Low-Income Home Energy Assistance Program (LIHEAP) grants and other assistance initiatives.
The rate increase underscores the ongoing volatility in energy markets and highlights the importance of energy efficiency. UGI encourages customers to explore energy-saving strategies and make home efficiency improvements to mitigate rising costs.
