For Immediate Release
NEWARK, Del. - Delmarva Power has adjusted natural gas rates that
will result in an overall monthly bill decrease for Delmarva Power natural gas
customers this winter. This represents the fifth straight year of gas cost
reductions for Delmarva Power customers.
filed its annual applications for the Gas Cost Rate (GCR), which will take
effect with usage on or after Nov. 1 with proration.
associated with this change will result in an overall monthly bill decrease of
$16.92 or about 12.9 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 $130.96 to $114.04.
The savings will vary based on customer usage. The proposed 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. The request was included in the company's
annual gas cost rate filing and subject to the Delaware PSC's review and
The natural gas
market is subject to sudden and sharp price spikes and dips. The company files
each year at this time to reflect the changing cost of the commodity. Delmarva
Power's purchasing, which is overseen by the PSC and includes the cost of
natural gas as well as its transportation to the region, seeks to minimize the
impact that severe price swings can have on customers.
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.
Find additional information by visiting
www.delmarva.com, on Facebook at www.facebook.com/delmarvapower and on Twitter
at www.twitter.com/delmarvaconnect. Our mobile app is available at www.delmarva.com/mobileapp.