Roanoke Gas customers to see 68% increase in next month's bill due to winter weather
ROANOKE, Va. (WSET) — Roanoke Gas customers will see a significant increase in their March bills due to a spike in winter weather.
According to a statement released by the company, changes in pricing resulted in an increase in the cost of natural gas purchases for the eight days of approximately $3 million. In context, Roanoke Gas' entire 2020 natural gas purchases totaled $14.9 million.
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Roanoke Gas' president and CEO Paul Nester released the following statement on the price increase:
“Our thoughts and prayers continue to be with those in Texas and the many others throughout the country impacted by this storm. We have worked diligently to moderate the impact to our customers. However, it may take up to 2 years for these costs to be fully recovered. This is a real-time, real-world example of the need for the Mountain Valley Pipeline (“MVP”) and the gas it will supply our customers and others throughout the United States. If the MVP had been in service, we believe we would have saved our customers significant commodity gas costs by delivering gas from the prolific and affordable Appalachian Basin. On the critical Valentine’s Day weekend, the MVP pricing point was consistently in the $4.00 per DTH range. As these numbers indicate, the flexibility and supply diversity that MVP would have provided are material. This event has proven how much this region, our state and country need the MVP.”
