Spire customers to see slight decrease in monthly bill
The average customer will save $6.26 a month (5.6%)
JEFFERSON CITY — To reflect estimated changes in the wholesale cost of natural gas, Spire West customers of Spire Missouri, Inc. d/b/a Spire will see the Purchased Gas Adjustment (PGA) rate change under a filing that takes effect on June 5, 2024.
Spire West residential customers currently pay a PGA rate of approximately $1.02 per Ccf of natural gas. Under this filing, the PGA rate for Spire West will decrease $0.10 to approximately $0.92 per Ccf. Spire East residential customers currently pay a PGA rate of approximately $0.78 per Ccf (per hundred cubic feet) of natural gas. Under this filing, the PGA rate for Spire East will not change due to working off the balance of unrecovered gas costs.
The cost of natural gas from wholesale suppliers generally makes up approximately 50% to 55% of a customer’s total monthly natural gas bill. The wholesale cost of natural gas (the cost your local natural gas company must pay to its suppliers for natural gas) is not regulated by the Missouri Public Service Commission. The wellhead cost of natural gas is unregulated and is primarily driven by supply, demand and the weather.
The Missouri Public Service Commission does conduct an annual regulatory review to ensure that regulated natural gas companies make prudent decisions in securing natural gas supplies for their customers.
Spire West provides natural gas service to approximately 530,400 customers in Andrew, Barry, Barton, Bates, Buchanan, Carroll, Cass, Cedar, Christian, Clay, Clinton, Dade, DeKalb, Greene, Henry, Howard, Jackson, Jasper, Johnson, Lafayette, Lawrence, McDonald, Moniteau, Pettis, Platte, Ray, Saline, Stone and Vernon counties.