The Missouri Public Service Commission has approved a natural gas rate change for Ameren Missouri customers.
MPSC officials said the change was approved to reflect estimated changes in the wholesale cost of natural gas as well as a change in the company’s Actual Cost Adjustment factor.
The changes will take effect Sunday.
The ACA factor is a mechanism that tracks any over-collection or under-collection of actual natural gas costs over a 12-month period. The net over- or under-collected balances are subsequently either refunded or collected the next year, according to the MPC.
Residential customers currently pay approximately 35 cents per 100 cubic feet of natural gas. Under this filing, the rate will increase 3 cents to 38 cents.
In a news release, MPSC officials noted 50-55 percent of a customer’s current natural gas bill reflects the cost of natural gas from wholesale suppliers. The wholesale cost of natural gas, the cost the local natural gas company must pay to its suppliers for natural gas, is not regulated by the MPC. The wellhead cost of natural gas, which is the wholesale price of natural gas at its point of production, is unregulated and is primarily driven by supply, demand and the weather. The Missouri Public Service Commission does conduct an annual regulatory review in an effort to ensure regulated natural gas companies make “prudent decisions in securing natural gas supplies for their customers.”
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October 30, 2020 at 12:10PM
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Public Service Commission approves natural gas rate change - Jefferson City News Tribune
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