NJ Utility Company Proposes Lower Gas Bills For Customers

NEW JERSEY — PSE&G customers in New Jersey could see their gas bills drop this fall if state officials approve a proposal submitted by the company.

PSE&G officials recently filed a proposal with the New Jersey Board of Public Utilities that, if approved, will lower gas bills for its residential customers by 6.1 percent, the company said in a news release. The change would go into effect on Oct. 1.

The proposed decrease comes as a result of "less volatile commodity prices," the company said.

"This is an opportunity to lower our gas supply rate, providing our customers with a little bill relief and helping to maintain affordability," PSE&G Chief Customer Officer Dave Johnson said in a statement.

If passed, the Basic Gas Supply Service rate for Garden State customers will drop by 7 cents per therm to approximately 32.8 cents per therm, the company said. For example, if a residential customer uses an average of 100 therms per month, their monthly gas bill would be about $102.70, or $6.75 less than it is now.

If passed, PSE&G's gas bills would be among the lowest in the state, the company said.

Customers who need help paying their utility bills are encouraged to take advantage of available assistance programs. Information on payment assistance programs is available online.

PSE&G customers can also enroll in an equal payment plan to manage costs and avoid seasonal fluctuations.

As of February 2024, PSE&G served 2.4 million electric customers and 1.9 million gas customers, according to the company's website.