How is my gas rate calculated?
The Residential Natural Gas Rate has several components.
First, there is the Usage Rate/Volumetric Rate, which remains the same from month-to-month. This is the charge for delivering natural gas through CoServ's distribution system.
Second is the Purchased Gas Factor (PGF), which represents the wholesale cost for gas during a given billing cycle. The PGF does not include any profit or markup. It reflects only the wholesale cost of the gas itself, plus the transportation costs. It fluctuates from month-to-month based on wholesale prices.
From December through May, Customer will notice a line item called the Weather Normalization Adjustment (WNA). WNA is a standard within the natural gas utility industry and protects both the customers and the gas provider. The calculation is based on normal temperatures, and it provides an adjustment if temperatures are higher or lower than normal. When the weather is colder than normal, the WNA will be negative, subtracting from the overall cost. When the weather is warmer than normal, the WNA will be positive, adding to overall gas charges.
CoServ’s goal is to always provide you with safe and reliable energy at an affordable price. WNA helps us do that in the heat of summer and the cold of winter.
Gas Rate Case Expense – During the recent rate case, CoServ Gas incurred legal and consulting fees to prepare and pursue the rate case. Pursuant to the Railroad Commission of Texas (RRC) order, CoServ Gas reimbursed the legal and consulting costs of the municipalities that intervened in the rate case. The RRC allows CoServ Gas to recover these costs over an approximate 24-month period at of rate of $0.00333 per Ccf consumed. The recovery of these fees is annually reviewed by the Commission and in the event of an over-recovery, the over-recovery amount is ultimately returned to the customers.
Please remember that the amount of change in your bill will vary depending upon other factors like the size of your home, amount of gas that you use, taxes, etc. Review the CoServ Gas tariff for full details regarding rate schedules.
Current month rate calculation:
|Volumetric rate (Usage charge)||$0.12097|
|PLUS the PGF||+$0.8863|
|PLUS the Gas Rate Case Expense||+$0.00333|
|=$1.0106 per ccf|
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