Avista Decreases Natural Gas Rates For Residential Customers | Business
Avista lowered the natural gas rates for about 225,000 customers in Washington and Idaho this week after utility commissions approved a February request to lower rates due to declining wholesale prices.
For those in Washington, if you use an average of 67 therms per month, you’ll see a 6% decrease of $3.90. For those in Idaho, if you use an average of 62 therms per month, you’ll see a 5.7% decrease of $3.46.
These rates are based on the wholesale cost of natural gas. Avista says the price customers pay are driven heavily by that cost. 65% of a residential customer’s bill is the cost of natural gas. Their news release says there is no mark up to the customer so there is no impact on Avista’s earnings.