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SALT LAKE CITY — Utah's natural gas rates are a little cheaper just in time for winter.
Enbridge Gas's new base rate went into effect on Friday after receiving approval from the Utah Public Service Commission the day before. Company officials say the adjustment represents a slight 1.9% decrease, saving the typical resident about $12.57 per year.
The measure comes months after Enbridge slashed rates by about 30% in a move that was expected at the time to save the typical resident about $23.12 per month. Company officials note that prices of gas regularly change, which is why rates often change every several months.
Judd Cook, vice president and general manager of Enbridge Gas Utah, said Monday that both cuts are part of efforts to align customer rates closer to the active price of natural gas, which "continue to remain low throughout the nation" at the moment.
"With energy prices at the forefront of everyone's minds, we are working diligently to pass savings onto customers as soon as possible," he said in a statement.
That's not the only change customers might notice this month. Enbridge officials added Monday that they expected to complete the brand transition from Dominion Energy to Enbridge Gas in Utah, Idaho and Wyoming by the end of this month. The Canadian company acquired operations in the three states from Dominion Energy in a $4.3 billion deal that was finalized in June.
While natural gas rates continue to decrease for Utah customers, the cost of receiving power could still rise within the next few months. Rocky Mountain Power is now proposing an 18% rate increase, which company officials said would cover rising costs associated with operating plants, purchasing wholesale power and wildfire-related insurance rates.
The Utah Public Service Commission is expected to vote on whether to approve the measure in early 2025. Rocky Mountain Power is also asking to implement the new rates beginning on Feb. 23, 2025.
