Avista Utilities has filed Purchased Gas Cost Adjustment (PGA) applications with the Washington and Idaho Utilities Commissions, requesting an increase in the price of natural gas. If approved, it would increase overall natural gas revenues by 12.6% in Washington and 10.5% in Idaho, effective July 1, 2022.
Avista charges customers at wholesale prices with no markup, charging customers the same price Avista pays for gas. Deposited annually, PGAs do not increase Avista’s earnings, but rather match the current market price.
In a statement discussing the increase, Avista said, “Since the last PGA filings, the price of wholesale natural gas has continued to rise with dramatic sustained increases since late March, with prices reaching levels not seen in more than 13 years”.
Avista goes on to clarify how this would be reflected in customer invoices if approved.
Washington residential natural gas customers using an average of 67 therms per month would see their monthly bills increase from $64.86 to $72.66, an increase of $7.80 per month, or about 11.7%.
Residential natural gas customers in Idaho using an average of 63 therms per month would see their monthly bills increase from $55.86 to $61.30, an increase of $5.44 per month, or about 9.7% .
If approved, customers should expect to see this change reflected in their July invoices, which are typically received in early August.