How does Bangor Gas Company set the energy charge?
In order to recover the costs of purchasing natural gas, Bangor Gas charges its customers a rate based upon forecasts of what the utility expects to pay to purchase gas on behalf of its customers. Rates also include credit or charge amounts necessary so that Bangor Gas collects its actual gas costs for the past month. Gas is sold to customers without a markup. Rates are regulated by the Maine Public Utilities Commission (MPUC). The MPUC reviews BGC’s gas costs and rates annually.