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CUB’s monthly report on gas market volatility: March 2025

Gas utilities file supply prices–called the Purchased Gas Adjustment (PGA)–each month with the Illinois Commerce Commission (ICC). Here’s what CUB uncovered in our review of prices in March.

  • Compared with last month (February 2025), prices were higher for eight of 9 utilities: Ameren (about 0.24 percent higher), Illinois Gas (about 3.1 percent), Liberty Utilities (about 38.7 percent), MidAmerican Energy (about 10.6 percent), Mt. Carmel (about 11.7 percent), Nicor Gas (about 18.8 percent), North Shore Gas (about 13.8 percent) and Peoples Gas (about 4.5 percent). The lone utility that saw a price decrease was Consumers Gas, with an 11.3 percent decline since last month
  • Compared with March 2024, prices were higher for six of 9 utilities, ranging from about 2.7 percent higher for Nicor to about 55.7 percent higher for Consumers Gas. Of the utilities with lower prices from a year ago, the drop ranged from about 1.7 percent lower for Ameren to about 36.4 percent lower for Liberty Utilities.  Below, see the full list comparing the PGAs for this month with a year ago.

March Gas Prices
Ameren Illinois– 46.44 cents per therm (down about 1.7 percent from March 2024)
Consumers Gas– 43.36 cents per therm (up about 55.7 percent from March 2024)
Illinois Gas– 52.32 cents per therm (up about 47.5 percent from March 2024)
Liberty Utilities– 43.35 cents per therm (down about 36.4 percent from March 2024)
MidAmerican Energy– 61.17 cents per therm (up about 42.4 percent from March 2024)
Mt. Carmel– 56.1 cents per therm (down about 29.8 percent from March 2024)
Nicor Gas– 38.0 cents per therm (up about 2.7 percent from March 2024)
North Shore Gas– 56.4 cents per therm (up about 45.4 percent from March 2024)
Peoples Gas– 40.7 cents per therm (up  about 20.1 percent from March 2024)

Note: Your utility is determined by where you live, so you cannot switch from one utility to another. Under Illinois law, gas utilities are not allowed to profit off supply prices—they pass those costs from gas producers and marketers onto customers with no markup. State regulators annually review the utilities’ gas-management procedures to evaluate whether the companies did a reasonable job with their gas purchases, given market conditions, to hold down costs for consumers as much as possible. The gas utilities are allowed to profit off the delivery side of bills–and Nicor and Ameren Illinois are both pushing for rate hikes in 2025. 

If you are having trouble affording your gas bills, you are not alone! A few tips from CUB:  

Join the fight for lower utility bills in 2025!