Gas Price Information
NW Natural filed for annual rate adjustments in Oregon and Washington.
Each fall, NW Natural files for rate changes, based primarily on the wholesale cost of natural gas, plus some annual adjustments based on ongoing agreements with the commissions. These adjustments vary based on different usage patterns by residential and commercial customers.
In October, 2015, the Oregon Public Utility Commission (PUC) approved NW Natural’s rate request for a 6.7% reduction in residential rates and 7.4% in commercial rates. Starting Nov. 1, the average homeowner will pay about $4.14 less per month, and the average commercial customer will pay $17.54 less per month.
In October 2015, the Washington Utilities and Transportation Commission (WUTC) approved NW Natural's rate request for a 14.4% reduction in residential rates and 15.2% reduction in commercial rates. Starting Nov. 1, the average homeowner will pay about $9.46 less per month and the average commercial customer will pay about $40 less per month.
The main reason for the different reductions is because of different rate structures in the two states, and in Oregon the rates reflect recovery of environmental clean-up costs related to legacy manufactured gas plant operations that are not applicable in Washington.
Natural gas prices
The main reason gas costs have gone down is because of the abundant supply of domestic natural gas. In fact, NW Natural customers are paying less for gas than they did 15 years ago. Industry experts say prices are expected to remain stable for the foreseeable future.*
*“Fueling the Future with Natural Gas: Bringing it Home,” 2014 study by IHS CERA.