Delmarva Power announced that natural gas rate cuts that became effective on Nov. 1.
This represents the fourth straight year of gas cost reductions for Delmarva Power customers.
Commercial and industrial customers’ rates also would decrease in the range from 3.5 percent to 12.8 percent. The monthly bill impact among those customers will vary with usage.
The decrease will result in an overall monthly bill decrease of $10.17 or about 7.3 percent for residential customers.
This will reduce the average residential bill from $139.33 to $126.16. The savings will vary based on customer usage. The rate decrease is a result of lower market costs for the gas.
Delmarava earns a profit through the cost of distributing the natural gas, but provides natural gas on a break-even basis.
Commercial and industrial customers’ rates also would decrease in the range from 3.5 percent to 12.8 percent. The monthly bill impact among those customers will vary with usage.
Delmarva received approval from the Public Service Commission to ease rules governing new hook-ups for natural gas. Demand for natural gas hook-ups has increased as gas prices have dropped. Requests have typically come from fuel oil customers who have faced volatile pricing over the years. Delmarva provides natural gas service in much of Castle County.
