FOR IMMEDIATE RELEASE -- February 27, 2014
Contact: Kevin Kelly (573) 751-9300
Natural Gas Rates To Change For Laclede Gas Company - Laclede Division Customers
JEFFERSON CITY---To reflect estimated changes in the wholesale cost of natural gas for the remaining winter season, Laclede Gas Company-Laclede Division (Laclede) customers will see natural gas rates increase under a filing that takes effect on March 4, 2014.
Laclede residential customers currently pay approximately $0.52 per therm (per hundred cubic feet) of natural gas. Under this filing, the rate will increase to approximately $0.57 per therm, an increase of approximately $0.05 per therm.
Approximately 55% to 60% of a customer’s natural gas bill reflects the cost of natural gas from wholesale suppliers. The wholesale cost of natural gas (the cost your local natural gas company must pay to its suppliers for natural gas) is not regulated by the Missouri Public Service Commission. The wellhead cost of natural gas is unregulated and is primarily driven by supply, demand and the weather. The Missouri Public Service Commission does conduct an annual regulatory review to ensure that regulated natural gas companies make prudent decisions in securing natural gas supplies for their customers.
A number of energy saving tips can be found on a website from the Missouri Public Service Commission and the Division of Energy
Laclede Gas Company-Laclede Division serves approximately 638,000 natural gas customers in Missouri.