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Pennsylvania Utility Sees Residential Default Service Rate Increase Another 14%, After Recent 40% Interim Hike
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Peoples Natural Gas Company LLC has filed in Pennsylvania its customary quarterly adjustment to the natural gas commodity supply cost, which also results in a higher merchant function charge, given the operation of how the MFC is calculated
As previously reported by EnergyChoiceMatters.com, Peoples, in an interim adjustment effective March 1, increased the residential price to compare 43%, with the March 1 residential PTC set at $3.7172 per Mcf
For residential customers, Peoples has filed a further 14% increase in the PTC under the customary quarterly gas PTC rate adjustment, with the April 1 residential PTC set at $4.2511 per Mcf
The additional PTC increase is mostly driven by a further $0.5228 per Mcf increase in the natural gas supply charge, plus a small increase in the Merchant Function Charge (noted below), partially offset by a de minimis decrease in the Gas Cost Adjustment Charge (with the "decrease" in the Gas Cost Adjustment Charge resulting a marginally larger credit versus the current credit)
Peoples Natural Gas Company LLC's Small General Service (SGS) Non-Priority One price to compare is increasing about 12% to $5.0038 per Mcf on April 1, from the interim March 1 rate of $4.4797 per Mcf
As a result of the change in the natural gas supply charge, Peoples' Rider MFC – Merchant Function Charge is changing as follows. Note that for residential customers only, the total MFC is split between the price to compare and capacity. Both the total MFC, and the subset of such total MFC that is included in the new PTC, are listed below:
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March 31, 2025
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Copyright 2025 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
Peoples
$ per MCF
Current New New
Total Total PTC
MFC MFC MFC
RS $0.1055 $0.1170 $0.0896
SGS,
MGS,
LGS $0. 0159 $0.0177 $0.0177
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