St. Louis-based Laclede Gas is seeking regulatory approval to reduce natural gas prices by 26 percent from last winter, which would be the lowest price in 13 years.
If approved by the Missouri Public Service Commission, the reduction would lower the cost per therm (100 cubic feet of gas) to 42 cents, which is 15 cents below than what customers paid last winter.
The drop would save the average customer $18 per month and about $90 through the winter, Laclede estimates. Bills would be about 43 percent lower than their peak level in the winter of 2005-2006.
The price reduction falls in line with the trend of lower natural gas prices in recent years, driven by the fracking boom that has provided access to new reserves of the fuel.