PGW announces immediate rate hike

    Philadelphia Gas Works is raising its rates effective today for its nearly a half a million residential customers. The cost of natural gas has gone up, and the utility is allowed to pass those changes directly to its customers once a quarter. The cost of natural gas has gone up, and the utility is allowed to pass those changes directly to its customers once a quarter.

    By Meggan Kole

    Philadelphia Gas Works is raising its rates effective today for its nearly a half a million residential customers.

    The cost of natural gas has gone up, and the utility is allowed to pass those changes directly to its customers once a quarter. The cost of natural gas has gone up, and the utility is allowed to pass those changes directly to its customers once a quarter.

    Cameron Kline is the spokesperson for PGW.  The quarterly adjustment is needed because the cost for natural gas fluctuates.

    Kline: It’s based on the volume, it’s sales, weather and the natural gas market.

    PGW is also pursuing a base rate increase, which if approved by the Public Utilities Commission would add about $8 a month more for residential customers.

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