UGI Natgas Price Increase for 2 Regions, Decrease in 3rd Region

Record-breaking low winter temperatures drew down inventories of natural gas in the northeast this past winter. The natural gas utility that serves some of the largest markets in PA, including northeast PA and southeast PA, is UGI. They announced yesterday that due to the supply/demand issues from winter, they will need to boost the price of natgas to their customers in the Scranton/Wilkes-Barre area by 5.7% come June 1st. UGI is also boosting rates for their customers in southeast PA (greater Philadelphia area) by 4% on June 1st. However, UGI’s third natgas service area–in central PA–will not change on June 1st and will actually go down on December 1st by 2.3%. Why is the price going up in two regions but down in the third?…

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