Weather Alert

Spire Gas Prices Set To Nearly Double

Spire Natural Gas Customers are set to see a nearly doubling in their natural gas rates.

Spire announced this week that in an effort to reflect estimated changes in the wholesale cost of natural gas as well as a change in the company’s Actual Cost Adjustment (ACA) factor gas rates for both Spire East and SPire West customers will see significant increases in the cost of natural gas starting in December.

Spire East residential customers currently pay approximately $0.37 per therm of natural gas. Under this filing, the rate will increase to approximately $0.59 per therm. Spire West residential customers currently pay approximately $0.40 per Ccf (per hundred cubic feet) of natural gas. Under this filing, the rate will increase to approximately $0.79 per Ccf.

The ACA factor is a mechanism which tracks any over-collection or under-collection of actual natural gas costs over a 12 month period. The net over- or under-collected balances are subsequently either refunded or collected the next year. Spire’s current ACA period includes costs associated with the February 2021 Cold Weather Event (Winter Storm Uri) which had a significant impact on certain natural gas prices.

What you can do to help manage your utility bill:
· Add attic insulation if necessary.
· Place weather stripping around doors, use plastic film covering and caulk windows to keep heat from escaping from your home.
· Change or replace furnace filters each month when dirty.
· Have your chimney checked for blockage.
· Close fireplace dampers when the fireplace is not being used.
· Have your heating system checked and tuned-up if needed.
· Place an approved insulated cover-jacket around the hot water heater.
· Consider getting professional help for any projects that are beyond your capabilities.
· Contact your local utility company to ask about energy saving tips and programs.



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