For Immediate Release
NEWARK, Del. - On November 1, 2014 two gas rate changes, previously
approved by the Delaware Public Service Commission (PSC), will take effect. The
rate changes will result in an overall decrease in rates for natural gas
customers this winter. This represents the fourth straight year of gas cost
reductions for Delmarva Power customers.
The rate changes stem from Delmarva Power's annual
application for the Gas Cost Rate (GCR) and the Environmental Surcharge Rate
(ESR). The decrease associated with
these two changes (GCR decrease and ESR increase) will result in an overall
monthly bill decrease of $10.17 or about 7.3 percent for residential customers
who use 120 CCF of natural gas per month during the heating season. This will
reduce the average residential bill from $139.33 to $126.16.
The savings will vary based on customer usage.
The rate decrease is a result of lower market costs for
the gas. The gas cost rate is a dollar-for-dollar pass-through to customers for
the gas Delmarva Power buys for its customers. The utility is permitted to
recover its costs for buying the gas but not to earn a profit on the sale.
Commercial and industrial customers' rates also would
decrease in the range from 3.5 percent to 12.8 percent. The monthly bill impact
among those customers will vary with usage.
Delmarva Power encourages customers to visit
www.delmarva.com for information on saving energy and money in their home or
business. The company also offers customers Budget Billing, a fixed payment
plan based on the customer's 12-month average bill. Customers can enroll online
or by calling 1-800-375-7117.