Gas Price Information
NW Natural submits annual rate adjustments with Oregon and Washington regulators.
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.
The Public Utility of Oregon (OPUC) has approved adjusted rates that will take effect Nov. 1. Oregon residential customers will see about a 0.8 percent rate increase, or an increase of about 47 cents a month for the average home. The average commercial customer’s bill will increase by about 4.8 percent, or about $10.54 a month. These changes result from a combination of slightly higher wholesale natural gas prices, other adjustments based on agreements with the Public Utility Commission of Oregon, and changes in the Public Purpose Charge.
The Washington Utilities and Transportation Commission (WUTC) has approved adjusted rates that will take effect Nov. 1. Washington residential rates will increase by about 1.5 percent. A residential customer using 56 therms a month will see an average monthly bill increase of about 91 cents; of that amount, 1 percent or 58 cents per month will fund energy-efficiency programs offered through Energy Trust. The increase for the average Washington commercial customer that uses 255 therms per month will be about 1.6 percent, or about $3.98 per month; of that amount, 0.9 percent or $2.32 per month will fund energy-efficiency programs offered through Energy Trust.
Natural Gas Prices Remain Low
Market dynamics indicate prices should be fairly stable going forward. At this point, industry experts forecast minor year-to-year adjustments in natural gas prices but no major swings for the immediate future.