Your residential natural gas bill includes a fixed monthly charge, as well as delivery and commodity charges applied to each gigajoule (GJ) of natural gas consumed. We pass the cost of the gas (commodity cost) on to you without mark up – so you pay what we pay. Any rate changes proposed by PNG are subject to review and approval by the British Columbia Utilities Commission (BCUC).
Your natural gas bill includes the following charge categories:
Natural gas is a commodity traded on the open market like other commodities such as oil, coffee or lumber. As with most commodities, the price is dictated by supply and demand. When demand is high, the price rises. When supply is high, the price drops.
We work to get the best value for you by purchasing gas from a variety of sources and lock in prices through the use of contracts. The commodity charges will change periodically in response to changes in the market price for gas, which is influenced by factors such as the weather or production or transportation costs.
For more detail on the various components of your monthly statement, please visit our page Understanding Your Bill.