The report says that beginning today, the average residential customer could see an increase of $33 per month. Peoples says the increase comes after a decade of downward trends with prices . They say supply is low and demand is high and cited these reason for the massive increase…High Heat conditions and demand for air conditioning..The Exporting of natural gas to Europe..The Pandemic has caused a jump in gas consumption in commercial and industrial sectors of the nation and other nations are using more natural gas to switch from coal fired electric generating plants. The price per thousand cubic feet of gas jumped from $4.24 to $8.29, a nearly 100% increase in that cost to peoples, according to the report.
