The Public Utilities Board (Board) approved the application of Centra Gas Manitoba Inc. (Centra) to decrease the Gas Commodity rate from $0.2396/m3 to $0.1878/m3 effective February 1, 2023. The Board also approved an increase to the Commodity Cost Balancing Deferral rate rider from $0.0000/m3 to $0.0017/m3 (owing to Centra) effective February 1, 2023.
Gas Commodity is sold on a cost recovery basis, meaning that Centra charges customers only what Centra pays for Gas Commodity and does not make a profit on its sale. The current Gas Commodity rate decrease is the result of decreases in the North American natural gas market prices.
The changes to the Gas Commodity rate and Commodity Cost Balancing Deferral rate rider are projected to decrease the annual bill for a typical residential customer by approximately 11.5%, or $111/year. Centra’s Gas Commodity rate and Commodity Cost Balancing Deferral rate rider will be reviewed again for May 1, 2023. Gas Commodity rates for customers that have signed fixed-term fixed-price contracts, with either Centra or a private broker, are not affected.
The Board is an impartial tribunal and regulator, at arm’s length from government that acts in the public interest