A Missouri natural gas supplier that serves parts of the Ozarks plans to decrease it rates. Summit Natural Gas announced today that the price drop takes effect Nov. 1.
According to a news release, the change is to reflect estimated changes in the wholesale cost of natural gas as well as a change in the company’s Actual Cost Adjustment (ACA) factor.
Residential customers in the Rogersville and Branson divisions currently pay approximately $0.66 per hundred cubic feet of natural gas. Under this filing, the rate will decrease to approximately $0.47 per Ccf— or a drop of $0.19.
The company says approximately 55 to 60 percent of a customer’s current natural gas bill reflects the cost of natural gas from wholesale suppliers.
Summit Natural Gas serves approximately 17,700 natural gas customers in Missouri.