Gas Price Volatility Notice

Pittsburg Power Company – Island Energy is reaching out to provide additional background for the increase in gas pricing and billings over the last year.

In 2022 and early 2023 natural gas pricing over the last year has shown exceptional increases in cost along with volatility. Gas pricing set a record in December due to sinking gas storage inventories, supply constraints (due in part to the European situation) and a cold start to winter, especially in the East. Download the letter from March 9 for detailed information and links.

Natural gas cost and associated utility bills are forecast to begin dropping this and next month, providing some cost relief to customers.