National Fuel Rate Increase is the First in 9 Years
Beginning tomorrow, prepare to see a rate increase on your National Fuel bill. Many will complain, but taking into account this is the first rate increase in 9 years, and the fact that your monthly bill increase will only be approximately $1.10 according to a WKBW Channel 2 News Report.
Channel 4 WIVB reported that National Fuel President, Carl Carlotti, made this partial statement:
“This is the first delivery rate increase sought by our Utility segment in almost a decade. While prices for goods and services have risen generally over this period, the Utility has held delivery rates steady, without increase, since 2008. Coupled with the drop in natural gas prices, this has significantly benefitted our Utility customers without compromising our high standards for safety and customer service. In 2008, the average annual residential bill for our residential customers, including gas costs, was $1,685. By way of comparison, the average annual residential bill last year, 8 years later, was only $703, declining 58 percent over that period. National Fuel has the lowest residential gas delivery rates in New York state.”
The overall delivery rate increase, approved by the New York State Public Service Commission, is $5.9 million.