Dominion Energy Ohio’s monthly natural gas price for residential customers who are on the Standard Choice Offer (SCO) is going down again for August.
The SCO price, effective Aug. 14, when rounded to the nearest cent is $2.36 per thousand cubic feet (mcf).
The August rate is 15 cents or 6% lower than the July rate of $2.51/mcf. It is 53 cents or 18.2% lower than the price a year ago last July of $2.89/mcf.
All customers pay a basic monthly charge, which is $29.57, as well as a usage-based charge to transport the gas to the home, and gross-receipts tax, regardless of whether they choose their own provider, choose the SCO, other Dominion rate, or participate in a government aggregation. That price is 48 cents per mcf, up 8 cents from last month because of some changes (both increases and decreases) in various parts of the rider.
The utility estimates the average residential customer’s bill for August will be slightly higher than last year. It is up 83 cents from $35.13 to $35.97. That’s because despite the cheaper monthly SCO price, a fixed cost in the basic monthly charge went up by $1.51 in May to pay for pipeline replacement fees. The $11.74 per month funds a massive 25-year pipeline replacement plan, which began in 2008. The PUCO approved the incremental fee increase over a five-year period in a 2016 decision. The increases began in 2018 bills.
Consumer columnist Betty Lin-Fisher continues to recommend the SCO. To read a step-by-step guide on how to get the SCO, go to www.tinyurl.com/updateSCO
Betty Lin-Fisher can be reached at 330-996-3724 or firstname.lastname@example.org. Follow her @blinfisherABJ on Twitter or www.facebook.com/BettyLinFisherABJ and see all her stories at www.ohio.com/topics/linfisher