Gas rates will drop for Northwest Natural customers
Customers of NW Natural were notified last week of a drop in the rates they will pay monthly.
The average residential customer using 53 therms per month can anticipate a $1.10 savings, while commercial customers using 237 therms per month will save on average $4.92.
The new rates involve the Oregon Public Utility Commission's acceptance of a $23.4 million base rate increase and other cost savings, which take into consideration lower natural gas costs from year to year.
"We're pleased to pass these savings on to customers," David Anderson, president and CEO of NW Natural, said in a press release. "The new rates in Oregon reflect not only lower gas costs, but also the recently approved general rate case. After 10 months of review with regulators and stakeholders, we're pleased to reach conclusion on that, and we look forward to continuing to provide customers with high-quality, affordable service."
This is the fourth consecutive year that natural gas prices have dropped and customers are paying less than they did 15 years ago. Rate changes may differ based on the customer's category and usage.