Piedmont Natural Gas is hoping to pass the lower cost of energy on to its customers.
The Charlotte-based national gas distributor filed a request with the North Carolina Utilities Commission for a one-time bill credit. If the commission approves, customer bills for April would be about $35 lower.
“Today’s request by Piedmont for a one-time bill credit rather than a prospective reduction in billing rates would provide for a more immediate flow-through of the Company’s gas cost savings to its customers,” the company said in a statement.
The company previously requested and got approval from the utilities commission to lower customer bills for each of the past three months because of falling natural gas prices.
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The most recent proposed credit, according to the company’s statement, reflects further declines in the wholesale cost of natural gas as well as lower transportation and storage costs.
Utility bills aren’t the only place customers are feeling the relief from lower energy prices. On Thursday, Charlotte drivers were saving an average of $1.10 at the gas pump compared with this time last year, according to auto group AAA. Gas prices nationwide continued to fall this week as domestic oil slid to a six-year low.