Rapid City, S.D.-based utility Black Hills Energy has recently revealed that customers in Arkansas can expect lower natural gas costs compared to last winter. The winter cost of gas rate for Arkansas customers will be $0.47 per Ccf (hundred cubic feet), representing a significant 33% reduction from last winter’s rate of $0.70 per Ccf.
This decrease in natural gas costs can be attributed to the stability observed in the natural gas market. Thanks to historic production levels and above-average storage, Black Hills Energy has been able to pass on the benefits to its customers. It’s worth noting that natural gas prices are presented to customers as pass-through costs without any markup.
Marc Eyre, the vice president of operations at Black Hills Energy, emphasized the company’s commitment to providing safe and reliable energy to its customers. Eyre also encouraged customers to actively participate in energy conservation and efficiency projects, further contributing to reduced energy usage.
Black Hills Energy serves more than 1.3 million natural gas and electric utility customers across eight states, including 100 communities in Arkansas. Their focus remains on delivering dependable energy while ensuring customer satisfaction.
Q: What is the winter cost of gas rate for Arkansas customers?
A: The winter cost of gas rate for Arkansas customers is $0.47 per Ccf (hundred cubic feet).
Q: How does this rate compare to the previous winter’s rate?
A: This rate represents a 33% reduction from last winter’s rate of $0.70 per Ccf.
Q: Why are natural gas prices lower?
A: Natural gas prices have decreased due to stability in the market resulting from historic production levels and above-average storage.
Q: Is there any markup on natural gas prices?
A: No, Black Hills Energy presents natural gas prices to customers as pass-through costs without any markup.