If you're a natural gas customer in California, you could be in for some positive news.
PG&E has recently announced a significant decrease in customers' natural gas bills this March, with an average decrease of up to 75% compared to February. There are three main reasons for this decrease.
Firstly, market prices for natural gas have dropped significantly, resulting in a lower cost of purchasing natural gas and a significant decrease in customers' bills.
Secondly, PG&E is applying for the state's annual April Climate Credit one month early. This credit is intended to assist customers with their energy bills, and by applying it early, customers can benefit sooner.
Lastly, as we transition to spring, temperatures are starting to rise, which means that customers are likely to use less natural gas for heating. This can also contribute to a decrease in bills.
It's important to note that while April bills may be slightly higher than March bills due to the early application of the Climate Credit, customers should still see a decrease in their bills overall as we move into spring and summer.
Overall, this news should provide relief for natural gas customers in California who have experienced higher-than-normal gas market prices in recent months.