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Who decides when the price of natural gas goes up or down?

April 26, 2017decides natural gas price

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Who decides when the price of natural gas goes up or down?

1 Answer

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10 Posted

The price of natural gas is determined on the competitive market and changes due to supply and demand.The price Union Gas pays for the gas is passed on directly to customers with no profit included. Union Gas adjusts the price to customers every three months. Utilities such as Union Gas do not earn income on the sale of natural gas; they earn income from delivering and storing natural gas.