POUGHKEEPSIE – Regional and global factors coupled with ongoing strong demand for energy worldwide continue to place upward pressure on energy prices, officials at Central Hudson Gas and Electric Corporation say.
The residential price for gas supply has risen six percent from 91.6 cents per 100 cubic feet (ccf) in March to 97.1 cents per ccf in April. Supply prices stated on bills and overall bill impacts will vary for individual customers depending on their billing cycle and energy usage.
“Market forces continue to place upward pressure on natural gas prices, keeping them elevated,” said Charles Freni, president and CEO of Central Hudson. “We understand the negative impacts high energy costs have on all New Yorkers and we will continue to work with our customers and our regulators to provide assistance and find potential solutions.”
Energy supply prices, which are accounted for in the supply portion of customers’ bill, are market-based. Central Hudson does not mark-up nor profit on the energy that we purchase on behalf of our customers. Electricity and natural gas are provided by independent generators and suppliers in the competitive energy marketplace. The prices for other utility bill components, including taxes and delivery charges, are regulated by the State of New York and are stable. Utility bills reflect both the price of energy and usage.
Lower average residential gas usage in April may offset some of this cost increase for individual bills, as usage during the spring months historically tends to be lower than in winter. However, total bill impacts will vary for individual customers depending on actual weather, their actual energy usage and billing cycle.
Locally, other forms of energy are also affected. For example, heating oil and gasoline prices are about 40 percent higher than one year ago.
Visit www.cenhud.com/en/account-resources/rates/winter-energy-bills/ to find the latest information on energy supply prices, including a video from President and CEO Charles Freni.
