Gas Prices To Be Lowered For Elizabethtown Gas Customers

Union, NJ -- Lower gas bills may be on the horizon for Elizabethtown Gas customers.

The gas company has filed a plan with the New Jersey Board of Public Utilities to lower rates for supplying natural gas to customers for the sixth consecutive year.

The plan proposes a $0.0249 per therm reduction in the Basic Gas Supply Service (BGSS) rate for residential and small commercial customers.

This would lower the average annual bill of a household using 1,000 therms from $885.10 to $860.20, an annual savings of $24.90.

The BGSS rate, which is one component of a customer’s natural gas bill, recovers the cost of natural gas supplies Elizabethtown Gas purchases for its customers.

The rate decrease is attributed to historically low natural gas prices, as well as access to low-cost natural gas supplies in the Marcellus Shale region.

If approved, the lower BGSS rate would take effect on Oct. 1 – just in time for the winter heating season.