Steep rise in natural gas prices prompts new jersey natural gas to implement a 5% increase to cover wholesale commodity costs

Wall, n.j.--(business wire)--due to a significant increase in wholesale natural gas prices, today new jersey natural gas (njng) filed a notice with the new jersey board of public utilities (bpu) for a 5% increase related to basic gas supply service (bgss) for residential and certain small commercial customers effective december 1, 2021. since may 2021, wholesale natural gas prices on the nymex – a benchmark index for gas commodity pricing – have increased by nearly 80%. the change to the bgss i
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