PGW Files for Gas Cost Rate Adjustment with the PUC
Posted on: Mar 01, 2021PHILADELPHIA (March 1, 2021) – Philadelphia Gas Works (PGW) has filed a request with the Pennsylvania Public Utility Commission (PUC) to set the annual Gas Cost Rate (GCR) for residential customers at $4.1361 per one thousand cubic feet (Mcf). If approved, the new rate would go into effect on Sept. 1, 2021.
The GCR, currently set at $3.4687 per one thousand cubic feet, 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, Sept. 1, Dec. 1) to show PGW’s actual costs. Customers are then notified of GCR adjustments through messaging on their bills.
PGW’s residential natural gas rates are determined by two methods: a supply charge and a delivery charge. The supply charge indicates the amount of a customer’s gas usage and what PGW pays for the gas, which is passed on to the customer without change. The delivery charge is based on the costs of delivering natural gas to residences, maintaining distribution systems and other services.
For more information about the GCR, visit pgworks.com/about-us.
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