SourceGas seeks 12 percent rate increase
SourceGas is seeking approval from the Colorado Public Utilities Commission for a 12 percent increase in rates effective for the 12-month period beginning Nov. 1.
The increase is the result of a cost adjustment between SourceGas and its wholesale gas supplier.
Under state law, SourceGas charges customers exactly the same amount the company pays for wholesale gas. Other charges for the service of delivering gas to customers are shown in separate line items on the gas bill.
For customers in the Western Slope service area, the cost increase will be $0.9415 per therm, a unit of measurement for natural gas by volume.
For households that use an average of 97 therms per month, the monthly gas bill will be about $104 instead of about $92. Residential customers who use 198 therms in January (when bills are usually the highest) will pay $199, about $23 or 13 percent more than a year earlier.
Small business customers that use 261 therms in January will pay about $254, an increase of about $31.
“Despite the increase, residential customers will see average annual bills that are 8 percent lower than in 2008. We strongly believe that natural gas is the fuel of choice for our Colorado customers. It is clean, abundant, domestically produced and it offers good value to our customers,” said Bill Cantrell, president and CEO of SourceGas.
With the increase in gas costs, Cantrell reminded customers that the Lakewood-based utility offers a wide range of programs and rebates to help customers reduce their gas consumption.
The Excess Is Out programs include energy audits, rebates on equipment and insulation, a program for residential income-qualified customers, and a custom program for larger commercial and industrial gas customers.
Funding for Excess Is Out programs in 2011 has already been used up by customers who took advantage early in the year, he said.
The company will add new funding to the program for 2012 starting in January.
SourceGas customers can learn more by visiting http://www.excessisout.com or by calling toll free 877-XS-IS-OUT (877-974-7688).
Other things customers can do to keep energy costs in check include applying for balanced billing to stabilize bills, setting thermostats back by a few degrees, installing weather stripping on doors and windows, closing doors to rooms not being used, and having the heating system inspected to ensure it is operating efficiently.
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