Wednesday, November 26, 2014

Thanks to Macellus Shale, natural gas prices decline

An early Christmas present for Pennsylvania residents who heat their homes with natural gas. The Reading, Pa.-based UGI Utilities Inc. – Gas Division announced Wednesday that their customers' purchased gas cost rates will decrease on Dec.1 due to lower wholesale natural gas costs.

As a result, an average residential heating customer’s bill is estimated to decrease approximately 4.7 percent, from $90.05 to $85.77 per month, the company said in a press release.

"Thanks in part to increasing availability of supplies of Pennsylvania-produced Marcellus and Utica Shale gas, UGI is pleased to be able to reduce purchased gas costs for our customers,” said UGI Utilities Vice President of Rates Paul Szykman. "This cost reduction is an added benefit to customers as we enter the winter heating season."

Take that, Pennsylvania Gov.-elect Tom Wolf, who promised to raise taxes on the natural gas industry.

Read the full release from UGI at

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