PGW Files Annual Natural Gas Cost Rate
Posted on: Mar 07, 2024PHILADELPHIA (March 7, 2024) – Philadelphia Gas Works (PGW) filed a request on Friday with the Pennsylvania Public Utility Commission (PUC) to adjust the Gas Cost Rate (GCR) for residential customers from $3.8396 to $4.2188 per one thousand cubic feet (Mcf). If approved, the new GCR would be effective September 1, 2024.
The typical monthly bill would increase from $93.80 to $95.93 per month for residential customers using 64 thousand cubic feet (Mcf) of natural gas per year.
The GCR reflects the cost of natural gas that PGW purchases from its gas suppliers and does not include a profit margin. The rate is recalculated on a quarterly basis (March 1, June 1, September 1, December 1) to show PGW’s actual costs. Customers are then notified of GCR adjustments through messaging issued with their bills.
PGW’s residential natural gas rates are determined by:
- Supply charge: the amount of a customer’s gas usage and what PGW pays for the gas, which is passed on to the customer without change.
- Delivery charge: the costs of delivering natural gas to residences, maintaining distribution systems, and other services.
For more information about PGW’s GCR filing, visit pgworks.com.
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