Natural gas prices are going up for Puget Sound Energy customers.
The typical PSE residential customer using 64 therms a month will see an increase of 8.46% or $5.46 per month for an average monthly bill of $70.44, according to a Oct. 29 news release from the Washington Utilities and Transportation Commission. The rate hike begins Nov. 1.
The Olympia-based Washington Utilities and Transportation Commission on Oct. 29 approved rate increases of nearly 8.5% for NW Natural and PSE natural gas customers. Cascade and Avista natural gas customers will see slight rate decreases.
Higher customer gas costs in part reflect increases in natural gas market prices. Due to the COVID-19 pandemic, production of natural gas has slowed while demand has increased, resulting in increased costs