PNG rates are dropping, again.
After announcing prices were down in Q4 of 2022 (to the tune of 9.7 percent), they have announced that rates are again decreasing for the period April 1 to June 30, 2023.
As usual, the rate reductions are because of lower commodity prices for natural gas and propane, which have fallen from the 10-year global highs experienced throughout 2022. According to PNG, “commodity rates reflect the cost of gas consumed during the billing period. PNG does not mark up these costs. Customers pay what we pay.”
Even Granisle—which runs on propane and saw a price increase when everywhere else saw lower prices—is seeing a ten percent discount.
PNG West, which has the highest natural gas prices, will see a 10.2 percent price reduction, meaning they will be paying about $142 less.
Tumbler Ridge residents can expect to pay 15 percent less than they paid last year, or about $220 less on the average annual bill.
Of course, Dawson Creek and Fort St. John see the biggest drops. In Fort St. John, they can expect to pay 18.3 percent less, or $228 less. In Dawson Creek, they’ll be paying 18.5 percent less, or about $217 less. (While the percentage is more, the rates are lower than Fort St. John, so the amount is also less.)
These amounts are also calculated on the average amount of natural gas used in each region.
Trent is the publisher of Tumbler RidgeLines.
