To reflect estimated changes in the wholesale cost of natural gas, Missouri Gas Energy (MGE) customers will see natural gas rates change under a filing that takes effect on June 1, 2017. MGE is an operating unit of the Laclede Gas Company.
MGE residential customers currently pay approximately $0.49 per Ccf (per hundred cubic feet) of natural gas. Under this filing, the rate will increase to approximately $0.57 per Ccf, an increase of approximately $0.08 per Ccf.
MGE stated in its filing that compared to last November, this change will increase the average monthly natural gas bill of a typical residential customer through October 2017 by about $1.28 a month.
Approximately 55% to 60% of a customer’s current natural gas bill reflects the cost of natural gas from wholesale suppliers. The wholesale cost of natural gas (the cost your local natural gas company must pay to its suppliers for natural gas) is not regulated by the Missouri Public Service Commission. The wellhead cost of natural gas is unregulated and is primarily driven by supply, demand and the weather. The Missouri Public Service Commission does conduct an annual regulatory review to ensure that regulated natural gas companies make prudent decisions in securing natural gas supplies for their customers.
MGE serves approximately 507,700 natural gas customers in the Missouri counties of Andrew, Barry, Barton, Bates, Buchanan, Carroll, Cass, Cedar, Christian, Clay, Clinton, Dade, DeKalb, Greene, Henry, Howard, Jackson, Jasper, Johnson, Lafayette, Lawrence, McDonald, Moniteau, Pettis, Platte, Ray, Saline, Stone and Vernon.
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