North Carolina's two major natural gas utilities are giving their customers a break to start the new year.
P-S-N-C Energy is reducing residential rates by about 6 percent, which will amount to a savings of about 8 dollars a month for the average household.
Piedmont Natural Gas is reducing residential rates by about 8 percent, or nearly 11 dollars a month for the average household.
The price cuts were approved by state regulators this morning and are effective retroactively to yesterday.
Falling wholesale gas prices, which are being blamed on the mild winter weather, prompted the utilities to reduce their prices. Natural gas utilities can adjust their prices once a month in North Carolina to reflect prices on the wholesale market.
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