By Daniel Stefanski |
Many Arizona energy consumers are about to see some savings in their bills in time for the holidays.
This month, the Southwest Gas Corporation sent a notice to the Arizona Corporation Commission about a rate decrease to consumers effective at the start of October.
The statement from Doran A. Miller, a Regulator Manager, said, “Pursuant to Decision Nos 74595 and 79038, Southwest Gas is providing notice that the Gas Cost Balancing Account rate will decrease from $0.30911 per therm to $0.00 per therm effective October 1, 2024. This results in a decrease of approximately $7 per month for the average single-family residential customer.”
In an exclusive comment to AZ Free News, Republican Commissioner Kevin Thompson responded to the notice from Southwest Gas, saying, “Any significant savings for the ratepayer should be welcomed, particularly in this economy. The cost of natural gas fuel is required to be passed along to ratepayers as a monthly surcharge that the Commission regularly reviews to make sure customers are paying the actual cost. This helps ensure utilities don’t over collect or earn a profit on this necessary resource.”
Thompson added, “As volatility in domestic and international markets have subsided, and the cost of natural gas dramatically decreases, most Southwest Gas customers will see a noticeable decrease in their monthly gas bill beginning in October.”
Earlier this year, the Corporation Commission shared a report from WalletHub, which showed that Arizona had the second-lowest energy cost out of the 50 states in the North American union with a $400 bill.
According to the Corporation Commission, there were a handful of factors separating Arizona from other states:
- “Diverse generation sources – Arizona relies on a mix of generation sources, from nuclear, natural gas, hydropower, renewables, and battery storage.
- “Self-Sufficiency – Arizona is not dependent on imported power. We tap into the market if needed, but our utilities’ focus is providing Integrated Resource Plans to guarantee future readiness. The Commission diligently oversees upgrades and construction.
- “Proactive maintenance to ensure reliability – The Commission prioritizes daily maintenance and line work leading up to the summer to ensure the grid is ready for the extreme heat and high load.”
Republican Commissioner Lea Marquez Peterson reacted to the report from WalletHub, writing, “The data released in the report reflects the priorities of our Commission – reliable energy at the most affordable rates. I’m proud of the service and affordable rates we work hard to provide to ratepayers throughout the state.”
Daniel Stefanski is a reporter for AZ Free News. You can send him news tips using this link.
