Spire Missouri rates to increase

(From the Missouri Public Service Commission)

To reflect estimated changes in the wholesale cost of natural gas, Spire East and 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 January 19, 2023.

Spire East residential customers currently pay a PGA rate of approximately $0.71 per Ccf (per hundred cubic feet) of natural gas. Under this filing, the PGA rate will increase to approximately $0.78 per Ccf. Spire West residential customers currently pay a PGA rate of approximately $0.92 per Ccf of natural gas. Under this filing, the PGA rate will increase to approximately $1.07 per Ccf.

 

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 East provides natural gas service to approximately 662,800 customers in the City of St. Louis as well as the Missouri counties of St. Louis, St. Charles, Butler, Iron, Franklin, Jefferson, Madison, Crawford, St. Francois and Ste. Genevieve. Spire West provides natural gas service to approximately 532,900 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.