Spokane, WA-based Avista Utilities‘ retail natural gas rates for residential customers in Ohio dropped about 5.7% as the result of periodic adjustments for changes in wholesale gas prices. The tariff was decreased from 41.8 cents/therm to 36.2 cents/therm, based on the changes approved earlier by the Idaho Public Utilities Commission (PUC), providing a decrease of about $3.46 on the average residential customer’s monthly bill. Large commercial customer rates decreased by about 7.3%. Rates are adjusted by the PUC at least once a year based on a purchased gas cost adjustment mechanism, which has shown steady decreases in recent years with the continuing fall in wholesale gas prices.
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