Lower Valley lowers gas rate by 13 percent

By Jim Stanford on February 14, 2012

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Gas is drilled 90 miles away.

Last week, amid constant reports about Gov. Matt Mead and Wyoming lawmakers having to cut the state budget because of the low price of natural gas, utility bills arrived from Lower Valley Energy. While using about the same amount of energy as last winter, I seemed to be paying slightly more for gas, which struck me as a disconnect.

Well, Lower Valley has caught up to the market changes. The cooperative has reduced its rate for natural gas by 12.9 percent, to $1.13 per therm, effective Feb. 1. LVE informs of the change in a letter residents should be receiving this week, spokesman Brian Tanabe said.

So, after a late cold spell pushed nighttime temperatures below -10 last week and sent heating bills rising, residents will get some relief.

The new rate still doesn’t match the nearly 70 percent drop in gas prices over the last four years, but pricing is complex, Lower Valley has to lock in advance supply contracts, and someone (not LVE, as a member-owned cooperative) has to make a gazillion dollars at our expense.

(Photo by David Stubbs)

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Posted under Economy, Environment, Politics, Wyoming Legislature

4 Comments so far

  1. joe February 14, 2012 1:58 pm

    nat gas pipeline under pathway coming to Wilson, or would that undermine our pedalists perception of themselves?

  2. sc February 14, 2012 7:32 pm

    Oh thank goodness! My gas bill jumped from $60 per month to $150. Didn’t know how I was going to make it through all the cold months so I hope the drop shows.

  3. D February 15, 2012 9:14 am

    The distance from your house, to Natural Gas fields has little to do with the price. We all know that right? You could always choose propane I hear its really cheap. lol

  4. Brad February 15, 2012 9:25 am

    Something is wrong here. 70% drop over rthe last four years and my gas bill kept going up? We drank the nat-gas kool-aid way back when and the promise of significant savings. This winter we shut down the forced air gas furnace and are using baseboard electric which is working just fine for us. Costing us only half of the equivelant gas use. I never thought electric would beat gas costs. A good mission for our LVE friend Brian is more effective education on cost calculations. Just sayin’.

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