Utility Savings Coming to Lake Havasu City Just in Time for Winter
November 4, 2009
Utility savings are coming to Lake Havasu City just in time for the winter months this year. Gas bills are expected to see a 16% to 18% drop this winter because of declining natural gas prices. This is such good news for Lake Havasu City residents that I just have to share the news in my blog.
According to an article I recently came across, the new costs per therm will range from around $1 beginning in November to about 94¢ in March. UniSource has designed a formula to cushion customers from rapid natural gas price swings.
Usually, UniSource under collects for gas and typically has to add a surcharge at the end of the season. But, in this case, there was an over collection when gas prices dropped very rapidly and there is now an over collection. So, everyone’s monthly natural gas bill is expected to be reduced by an average of $5.85 per month during the winter months and $1.28 during the summer months.
According to the article, gas companies recover the cost of gas they purchase and their transportation costs through what’s called a Purchased Gas Adjustor rate. This PGA rate is then calculated based on a 12 rolling month average and designed to reduce the instability of gas costs passed on to all customers.
The recent lowering in natural gas prices are due to an increase in supply of natural gas and lower manufacturing throughout Arizona and Nevada. And, customers in Lake Havasu City, Arizona are able to immediately able to take advantage of the natural gas prices. Other cities and states are not passing along the discount, so those customers will not see a change in their natural gas bills for the moment.
The gas companies making a point to lower the natural gas prices is just another part of what makes Lake Havasu City such a great place to live.
