HOUSTON, Texas — Wholesale natural gas prices have decreased nationwide and CenterPoint Energy (NYSE: CNP) is passing on these lower prices to Mississippi customers beginning this month.
Through the Purchased Gas Adjustment (PGA), an allowed adjustment to the gas supply charge portion of a customer bill, CenterPoint Energy passes on increases and decreases in the cost of natural gas with no markup. The PGA typically makes up about 60 percent of a customer bill.
After lowering the PGA, a Mississippi residential customer’s bill using a winter usage of 70 Ccf that was $68.46 last winter will be $52.88 this winter, excluding taxes. This represents a nearly 23 percent decrease.
“This is good news for consumers and we are happy to be able to pass this natural gas price decrease on to customers particularly because natural gas usage typically increases in the winter months due to heating needs,” said Walter Bryant, division vice president of Gas Operations in Mississippi. “In most cases, natural gas continues to be the best energy value for home heating, water heating, cooking and clothes drying.”
Source: PR Newswire
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info