Why your heating bill could look different next year

As we enter the winter months, many New Mexicans are using more gas than normal to heat their homes. Keeping your house warm this winter could cost you more next year. The New Mexico Gas Company submitted a proposal to our state’s Public Regulatory Commission. Tim Korte is a spokesman for the New Mexico Gas Company. Korte said: “The customer pays the market price for the gas. So it’s not the gas he’s paying for. It would be the investments in everything that goes into the ground, into buildings and vehicles. Those are the things we do when we ask for pricing.” The proposal details an increase in part of the rate New Mexicans pay per therm, or the amount of gas consumed. “If approved by the public regulatory commission, we’ll start on 1,” said Körte. When you get your heating bill, you see lines that indicate how many spas you’ve used in the month. The rate that’s going up doesn’t represent the entire cost of a spa, but a portion of it. At the moment the company charges $0.0185 for this rate. With this change, it would increase to $0.0385. How exactly does this affect you? If your household uses 50 spas a month, you would typically pay $0.93. With the change jumps that to $1.79 If your household uses 200 spas per month, your cost goes from 3.70 cents to $7.16 “We are sensitive to the needs of our customers. We know that inflation rises, and w We know it’s difficult for a lot of people. We have system utilities available for customers who need help. We have energy efficiency programs that can help you save on your heating bills at home or in your business,” Korte said. The Public Regulatory Commission is expected to hear this proposal in the coming weeks and decide whether to approve these new tariffs. Information on these Utilities can be found at nmgco.com.

As we enter the winter months, many New Mexicans are using more gas than normal to heat their homes. Keeping your house warm this winter could cost you more next year. The New Mexico Gas Company submitted a proposal to our state’s Public Regulatory Commission.

Tim Korte is a spokesman for the New Mexico Gas Company. Korte said: “The customer pays the market price for the gas. So it’s not the gas he’s paying for. It would be the investments in everything that goes into the ground, into buildings and vehicles. Those are the things we do when we ask for prizes.”

The proposal describes an increase in part of the rate New Mexicans pay per therm, or the amount of gas consumed.

“If approved by the Public Regulatory Commission, we will begin collecting an additional $2.70 from each customer’s monthly bill on January 1, 2023,” Korte said.

When you receive your heating bill, you’ll see lines showing how many spas you’ve used in a month. The rate that is increased is not the entire cost of a spa, but a portion of it.

At the moment, the company charges $0.0185 for this rate. With this change, it would surge to $0.0385. How exactly is this affecting you?

If your household uses 50 spas a month, you typically pay $0.93. With the change, that jumps to $1.79.

If your household uses 200 spas per month, your cost increases from 3.70 cents to $7.16.

“We are sensitive to the needs of our customers. We know inflation is rising and we know it’s difficult for a lot of people. We have system utilities available for customers who need help. We have energy efficiency programs that can help you save on your heating bills at home or in your business,” Korte said.

The Public Regulatory Commission is expected to hear this proposal in the coming weeks and decide whether to approve these new tariffs.

Visit nmgco.com for information on these utilities.

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