UGI Seeks To Increase Rates 13.5% By Year’s End

After dropping steadily for the past five years, natural gas prices have finally reached the point where it is no longer profitable for companies to produce the abundant clean-burning fuel.

Natural gas prices for about 90,000 Berks County users started tumbling Dec. 1, 2008, when UGI requested a 16 percent decrease.

But now the low prices, an unusually cold winter and an improving economy have prompted UGI Utilities Gas Division to request a 13.5 percent rate hike.  The requested hike comes in two parts: increases of about 7.2 percent June 1 and about 5.9 percent Dec. 1.

Read more:  http://readingeagle.com/article.aspx?id=477949

UGI Cutting Residential Gas Rates 3.8 Percent

Maybe now you can afford to turn the thermostat up a hair.

UGI Utilities said Thursday that it will cut its residential rates another 3.8 percent, effective Saturday.

The reduction reflects UGI’s lower costs to buy natural gas on the wholesale market.

With the latest cut, the average residential heating customer’s bill will slide to $86.17 per month from $89.55.

UGI has roughly 70,000 customers in Lancaster County, about 90 percent of which are residential.

Read more: http://lancasteronline.com/article/local/787401_UGI-cutting-residential-gas-rates-3-8-percent.html#ixzz2DeW7I55J