Energy prices have dropped here but how does that compare to other places to make us more competitive?

Southeastern Pennsylvania’s largest natural gas utilities–PECO, NFG, PGW, Columbia, Equitable, UGI, UGI Penn, and Peoples– averaged a 41% cut in rates for consumers from 2008 to 2011, equating to nearly $3,200 in average savings per customer during that period. Similarly, savings are being realized throughout the rest of the Commonwealth, and the country, as well.

As a regionally priced commodity, proximity to the Marcellus Shale certainly has it’s advantages. So while most Americans are enjoying a cost savings as a result of natural gas development, the closer you are to the resource base, the cheaper the commodity.