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UGI says rates will go up due to increased costs from demand

UGI says prices will increase due to increased costs
UGI says prices will increase due to increased costs
Oleksandr Melnyk/iStock/Getty Images Plus

UGI Utilities, Inc. announced its purchased gas cost rates will increase by an average of 7.1% on March 1, stating the colder temperatures have led to an increased demand for natural gas and increased supply costs. UGI states in a release they are required by law to pass the cost of natural gas they purchase directly through to customers without any markup.  This announcement comes after UGI requested nearly 11% in January to recover costs related to system improvements and operations necessary to maintain safe and reliable natural gas service.  Customers with a limited or fixed income can visit UGI Customer Assistance to see if they are eligible for several energy assistance programs.