According to SDG&E, the cost per unit of natural gas more than doubled over the past year, increasing from $2.36 per therm in January 2022 to $5.11 per therm in January 2023.
SAN DIEGO - San Diego Gas & Electric Wednesday cited a dramatic increase in natural gas prices over the past year as a major reason ratepayers will likely see a large jump on their bills this month.
The increase means residents who had a peak winter gas bill of about $105 last January can expect the January 2023 bill to be around $225. Customers who are enrolled in the CARE bill discount program could see their January gas bills increase from around $60 to $130. "We understand the challenges customers are facing as the cost of goods and services across the board continues to increase," said Dana Golan, SDG&E vice president of customer services."While not good news, we want to make sure our customers are prepared for significantly higher winter bills, and more importantly, that there are tools and resources, including financial assistance available, given the severity of natural gas market conditions.
According to the utility, more than 90% of the increase in the overall gas rate is driven by the market price for gas -- the amount SDG&E pays suppliers to buy the gas on behalf of its customers.
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