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. Researchers recently found that in 2012, because of reduced natural gas prices, consumers have an additional $1,200 in their pocket, as recently reported by the Wall Street Journal. While all Americans are realizing cost savings as a result of increased natural gas development, the proximity of Pennsylvania consumers to the Marcellus allow for additional cost savings through the reduction/elimination of long-haul pipeline transportation costs.
What, if any, are the advantages to the Pennsylvania residents as far as decreased rates over and above other states because of the impact of the gas industry?
March 4, 2013