Vermont Gas Systems announced a 5.86 percent rate reduction today after the state’s Public Service Board approved the change.
Vermont Gas spokesman Steve Wark said the reduction, which went into effect Nov. 1, is driven by cheaper supply out of Canada.
“This reduction comes as a result of lower transmission costs up in the TransCanadian pipeline system,” Wark said.
Wark said this month’s reduction is the company’s 16th since 2008 and keeps the price of natural gas around half the going rates for oil and propane.
