PSEG Customers To See Big Dip In Bills This Winter

Public Service Electric and Gas announced Tuesday it will provide customers credits this winter, lowering their energy bills.

A typical customer can expect a 30 percent decrease in his or her utility bill in December, January, and February, the company said in a statement. Those customers will see a total bill credit of approximately $124 this winter.

The average PSE&G’s typical residential annual gas heating bill will be 55 percent, or $916, lower than what it was in 2009 due to supply rate restrictions, the utility announced. The utility’s gas supply rate is the lowest it’s been in 15 years.

“I can’t think of any other commodity that costs 55 percent less today than it did in 2009,” said Jorge Cardenas, PSE&G vice president of asset management and centralized services. “Falling natural gas prices, our transportation and storage capabilities, and the way we manage our contracts have enabled us to pass these savings along to our customers as the temperature drops.”