Average gas bill expected to decrease by $140 relative to January
East County News Service
February 28, 2023 (San Diego) – After hitting a historic high in January due to unprecedented natural gas market conditions in the West that resulting in a doubling of consumers' gas bills, San Diego Gas & Electric announced today that the March natural gas commodity price has declined by approximately 83% compared to January 2023, plunging from $3.45 per therm to $0.60 per therm.
The typical residential customer’s gas bill (commodity plus delivery charges and other mandated fees and taxes) is expected to decrease to about $85 in March, from around $225 in January. This is the second month in a row that natural gas commodity prices are going down. The reduction in wholesale natural gas price is driven in part by the restoration of service to an out-of-state pipeline.
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