The Florida Public Service Commission (PSC) approved Peoples Gas’ request to adjust the maximum factor, or cap, of its Purchased Gas Adjustment (PGA).
The PGA reflects the fuel portion of a customer’s bill which can be adjusted monthly within an approved range. Peoples Gas passes the cost of natural gas from suppliers to customers through the PGA. The company does not profit from charges for fuel purchased on behalf of its customers or any fuel cost adjustments.
Effective Aug. 1, 2022, the PGA cap will change from $1.19163 per therm to $1.70492 per therm. Customers who buy their natural gas supply from Peoples Gas – typically residential and some small commercial customers – may be affected. Actual customer impact will depend on fluctuations in natural gas pricing and customer usage.
Peoples Gas requested this adjustment due to the rising costs for natural gas supply, which have been impacted by changes in supply and demand, imports and exports, geopolitical events and unseasonable weather.
Peoples Gas understands some customers are experiencing financial hardship and wants to help. The company partners with non-profit organizations that provide aid. The company also offers payment assistance programs to support customers as well as flexible payment arrangements and Budget Billing, which provides a more consistent bill each month that can help customers better manage monthly expenses. Learn more about these resources at PeoplesGas.com.
Natural gas continues to be vital to Florida’s diverse energy mix. It is an abundant, sustainable, and domestic natural resource that fuels homes, businesses, industries and transportation across the state.
Peoples Gas provides opportunities for customers to qualify for cash-back rebates through residential and business conservation programs. Learn more at PeoplesGas.com/SaveEnergy and PeoplesGas.com/Business/SaveEnergy.
Peoples Gas System, Florida’s largest natural gas distribution utility, serves more than 445,000 homes and businesses across the state. The company’s mission is to make life better for communities by delivering safe, resilient, efficient and affordable natural gas energy solutions. Through investments in people, technology, infrastructure and environmentally focused innovations, the company is committed to fueling Florida’s clean energy future responsibly and sustainably. Peoples Gas is a subsidiary of Emera Inc., a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, Canada. Visit FloridasEnergy.com to learn more. Find more information about the company, natural gas safety, career opportunities and community investments at PeoplesGas.com.
