New Rates for Oregon Customers Take Effect Nov. 1
Adjusted rates include approval of General Rate Case and Purchased Gas Adjustment
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FOR IMMEDIATE RELEASE
October 19, 2020
- The Purchased Gas Adjustment, which trues-up the prior year’s natural gas purchases and projects the cost of natural gas for the year ahead, will result in about a 4% reduction a month for the average residential customer and small commercial customer.
- This commodity cost decrease is offset by about an 8% increase for the average residential customer and about a 9.5% increase for the average small commercial customer associated with approval of the Oregon rate case ($49 million) to recover operating costs, investments in greater system reliability and resiliency, and the recently passed Oregon corporate activity tax.
Natural gas bills remain low
- NW Natural customers are paying about 37% less today for their bills than they did 15 years ago, due to lower commodity costs coupled with efficient operations and energy efficiency measures.
- NW Natural was able to pass back $17 million in bill credits to customers in June due to its effective management of storage assets.
More information about the new rates is available by calling 503-226-4211 and asking for the Rates & Regulations team. Customers can also reach our Customer Contact Center at the same phone number for information about flexible payment plans and low-income assistance.
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