reflects the forecasted price of natural gas
"We're encouraged by the continued low prices for natural gas
however as we head toward the fall," said Tom May, NSTAR Chairman, President and CEO. "Any savings we can pass along to our customers now are helpful in these difficult economic times."
Customers use natural gas for a variety of reasons in the summer months including cooking, hot water and clothes drying. If the proposed price cut is approved, the average NSTAR Gas heating/cooking customer using 38 therms of gas a month between May and October will pay $33.27 a month, down from $37.01. The average NSTAR Gas non-heating customer using 12 therms of gas a month will pay $17.25 a month, down from $18.43.
The supply rate, known as the Cost of Gas Adjustment, reflects the forecasted price of natural gas. NSTAR makes no profit on this charge. The proposed decrease reflects the continued fluctuation of fuel prices on the New York Mercantile Exchange (NYMEX).
