Delmarva Power’s proposal for lower natural gas prices should help Delaware homeowners stay warm for less money in the coming months.
The Delaware-based utility provider has filed an application with the Delaware Public Service Commission for reduced natural gas rates.
Delmarva officials said the change should result in a 7.3 percent or $10.17 reduction in monthly gas bills for customers who use 120 ccf of natural gas per month. Commercial and industrial customers would also see lower rates, with the reductions estimated to range from 3.5 percent to 12.8 percent.
The rates are being lowered due to the lower market cost for gas.
Following a cold and snowy winter last year, Delaware residents could be in for another rough winter.
While not recognized by professional forecasters, the “Old Farmer’s Almanac” is predicting a colder-than-normal and wetter-than-usual winter for the East Coast. The publication accurately predicted heavy snow and bitterly cold conditions this past winter.
In comparison, the federally funded Climate Prediction Center projected a milder weather last year.