HOUSTON – October 31, 2012 – CenterPoint Energy is adjusting the gas supply rate (GSR) portion of Oklahoma customers’ natural gas bills beginning next month.
The adjustment will lower an average winter Oklahoma residential gas bill using 90 Ccf (hundred cubic feet) of natural gas by more than 11 percent compared to last winter. This means a bill that was $85.06 last November will be $75.39 next month. Actual bills will vary depending on how much natural gas individual customers use.
Through the GSR, an allowed adjustment to the gas supply charge portion of a customer bill, CenterPoint Energy passes on the cost of natural gas with no markup. The GSR reflects the actual prices the company pays for natural gas.
“With natural gas prices much lower than last year, our customers will save even more on heating their home and water this winter,” said Walter Bryant, vice president of Gas Operations in Oklahoma. “With the abundant supply of natural gas right here in our own back yard, we see continuing low prices and ongoing savings for our customers. Using energy efficient natural gas appliances to heat your home and water can save a family hundreds of dollars per year.
“Overall, today’s natural gas appliances deliver a more comfortable heat that is safe, reliable and affordable for our customers and their families,” he added.
CenterPoint Energy works with a variety of natural gas suppliers and buys natural gas throughout the year on a competitively bid basis, a common utility practice to ensure reliable supplies at a reasonable price.
More details about the benefits of natural gas are available at CenterPointEnergy.com/GasIsBetter.