LEXINGTON, Ky. (WTVQ) – Columbia Gas customers should see lower bills due to a decrease in the price of natural gas, according to the company.
Below is the news release from Columbia Gas:
Columbia Gas of Kentucky has received approval from the Kentucky Public Service Commission (PSC) for its most recent Gas Cost Adjustment (GCA).
Effective May 31, Columbia Gas of Kentucky’s gas supply cost will decrease by 16 percent to $5.0491 per Mcf (1,000 cubic feet) from the current price of $6.0227 per Mcf.
The new gas supply cost will remain in effect until the next scheduled Gas Cost Adjustment in September 2017.
Columbia Gas of Kentucky adjusts its gas supply cost quarterly to reflect current market conditions. These quarterly Gas Cost Adjustments are submitted for approval to the Kentucky Public Service Commission (PSC).
As a reminder, natural gas distribution companies do not earn a profit on their gas commodity costs and Columbia Gas of Kentucky passes the cost along to customers without markup.
A customer’s monthly bill is comprised of two primary components: the gas supply cost and delivery costs. The delivery charges cover the cost of delivering the gas to the customer’s home or business through the company’s pipeline infrastructure, as well as line inspection, repair, 24-hour emergency service, etc. The gas supply cost includes the commodity cost, interstate pipeline charges and storage costs.
Columbia officials encourage customers to enroll in the Budget Payment Plan. The Budget Payment Plan spreads winter heating costs throughout the year and allows customers to pay the same amount every month. The Budget Payment Plan begins in May of each year, but customers can enroll at any time by calling 800-432-9345 between 7am and 7pm, Monday through Friday.
Columbia Gas of Kentucky also offers a series of residential energy efficiency programs to help customers save energy. These programs include furnace replacements for eligible low-income customers, free home energy checkups, and rebates on a variety of high-efficiency natural gas heating, water heating and hearth products.
Efficiency requirements and rebate applications are available at columbiagasky.com/rebate.
To request a free home energy checkup, customers should call 800-300-8709 or complete the online request form at www.columbiagasky.com/checkup.
Columbia Gas partners with Community Action Council and its weatherization program for its furnace replacement program. To determine if they are eligible for a free furnace replacement and to register for the weatherization program, customers should call Community Action Council at 800-244-2275.