POUGHKEEPSIE – The supply price for natural gas effective June 1 is increasing to 77 cents per 100 cubic feet (ccf), up from 64 cents per ccf in May because of continued volatility in energy, Central Hudson Gas and Electric announced on Tuesday.
While the use of natural gas by homes and residents is typically lower in June, supply prices stated on bills and overall bill impacts will vary for individual customers depending on their billing cycle and energy usage.
Energy supply prices, which are accounted for in the supply portion of customers’ bills, are market-based.
Central Hudson does not mark-up or profit on the energy that is purchased on behalf of customers. Electricity and natural gas are provided by independent generators and suppliers in the competitive wholesale energy marketplace.
The prices for other utility bill components, including taxes and delivery charges, are regulated by the state and are stable. Utility bills reflect both the price of energy and usage.
Central Hudson is deferring gas spot purchases made earlier this year and spreading those costs throughout the 2023 calendar year to help reduce overall bill impacts to customers. Those spot purchases were necessary during the periods of extreme cold this winter to meet the heating needs of residents and businesses, the utility said.
