If the state’s Utilites and Transportation approves, your gas bills could be going down this winter.
Yes, Puget Sound Energy, which supplies natural gas to much of the Puget Sound area, today asked the WUTC to reduce the price it charges for gas by 17.1 percent. That decrease, effective Oct. 1, would come on top of a 1.8 percent decrease that was effective in June.
Behind the request for a decrease is a decline in the wholesale prices the utility pays its suppliers. Natural gas prices have decreased along with gasoline and crude oil prices as the worldwide economy and demand have cooled.
According to the Bellevue-based utility, an average residential customer buying 68 therms of natural gas monthly will see a $14.88 decline in their average gas bill. That’s about what customers were paying for the same amount of energy in 2005 before energy prices started climbing.
In the meantime, as PSE requests a price decrease because of supply cost reductions, it is asking the commission for a 2.5 percent increase in gas rates and a 7.4 increase in electricity rates because of additional investments the company has made in its districbution infrastrucure.
Those rate increases, if approved, won’t go into effect until April next year.