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    St. Louis-area Spire customers set to start seeing natural gas price increases starting today | St. Louis News Headlines – St. Louis, Missouri

    St. Louis, Missouri 2021-11-30 19:45:00 –

    NS. LOUIS (KMOV.com)-The heat of this winter is expected to cost more to some residents of the St. Louis region.

    “Prices range from 37 cents to 59 cents per therm,” said Jason Merrill, a spokeswoman for Spire Energy.

    Two weeks after Spire first contacted residents of the St. Louis region about possible outages and turmoil associated with natural gas this winter, energy companies are under new attack from the Missouri Public Services Commission. ..

    Last year, the average home customer spent nearly $ 300 a year on natural gas, according to Spire. With this new monthly increase of about $ 14 (up about 25%), the average customer will see their annual price rise to about $ 457 a year. The price increase is a cost adjustment after customers have fallen below market prices for natural gas this year. This is due to the February 2021 winter storm Uri. Interruptions in natural gas supplies in Texas, Oklahoma and the Gulf Shores region, as well as outages due to storms, have affected natural gas costs today.

    “Gasoline prices are rising nationwide. This is not unique to Missouri, and other utilities across the state are showing similar increases,” Merrill said.

    However, after the storm, consumer prices were expected to be much higher, so Spire worked with the Missouri Public Services Commission to diversify costs over a three-year period.

    “That is, $ 14 a month is three times that. That would have been the same for this year’s purchase gas adjustments. So by expanding it over time, it decreased.”

    According to Spire, the STL pipeline was also installed in the St. Louis region during the storm, bringing cheaper natural gas supplies from the northeast over the last nine days and reducing future costs.

    “By doing so, the prices of customers on this side of the state have dropped by up to $ 300 million,” Merrill said.

    Spire does not expect any further increases this winter in connection with the February winter storm and the existing supply and demand constraints resulting from the COVID-19 pandemic.

    “We look forward to getting out of this,” Merrill said. “Analysts I’ve seen point out that despite this increase, natural gas is a more affordable way to warm your home during the winter.”

    The cost increase of natural gas charges may vary depending on the amount used and the weather itself. Most of the natural gas consumption occurs in winter, so be prepared to remove the heat from your house to prevent heat from escaping and close the fireplace dampers when not in use to avoid the cost of this winter. Please give me.

    Spire states that it has not benefited from the increase in natural gas prices. What you pay is what Spire says they pay.

    This latest rise in natural gas prices will occur within two weeks of the expiration of the temporary certificate for operating Spire’s STL pipeline. When asked when the Federal Energy Regulatory Commission (FERC) will vote on whether to extend the pipeline’s certificate, Merrill says he doesn’t know when the decision will be made at this time. However, the FERC states that it intends to vote on this issue by December 13.

    News 4 contacted the FERC to see if it could provide the date on which the vote would take place, and a spokesperson partially said:

    “The issues related to the Spire Pipeline are pending and are in dispute, so the FERC cannot comment on them or provide information on when the vote will take place.”

    Copyright 2021 KMOV (Meredith Corporation) All copyrights

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    St. Louis-area Spire customers set to start seeing natural gas price increases starting today | St. Louis News Headlines Source link St. Louis-area Spire customers set to start seeing natural gas price increases starting today | St. Louis News Headlines

    The post St. Louis-area Spire customers set to start seeing natural gas price increases starting today | St. Louis News Headlines – St. Louis, Missouri appeared first on Eminetra.

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