City of Richmond gas customers will see a hike on their bills from increasing costs of natural gas. The Richmond Department of Public Utilities announced this week that the cost of the gas it purchases has risen and that it must pass the increased expense on to customers.
“This increase is largely due to increased demand in the natural gas market,” Bob Steidel, who directs the utility, said in a statement. “By law, DPU passes along the cost of the natural gas purchased and delivered to customers, dollar for dollar without any mark up.”
The utility said the cost of one Ccf of natural gas will increase from 33 cents to 45 cents. One Ccf represents 100 cubic feet.
