|
|
|
|
PSE&G Proposes Lowering Default Service Rate To Lowest Level in 16 Years
Public Service Electric and Gas Company (PSE&G) has proposed further reducing its residential basic gas supply service (BGSS) rate for residential customers to 34 cents per therm from 40 cents per therm – the lowest rate in 16 years.
The new rate would take effect Oct. 1, 2016.
PSE&G noted that its rates have been about 20 percent less than other utilities in the region over the past two years
In 2009 PSE&G's gas supply rate was $1.19 per therm.
In addition to low market prices for natural gas, PSE&G attributed the decline in the BGSS rate to management of its portfolio of gas pipeline and storage agreements
Separately, New Jersey Natural Gas (NJNG) announced it will provide a bill credit to residential and small commercial default service customers for the 2016-2017 winter season. The full amount of the bill credit will be determined in fall 2016, and NJNG estimates residential heating and small commercial customers will benefit from a total reduction of $55.5 million from November 2016 through February 2017. The credit will vary based on individual usage and weather patterns over the four months.
Additionally, New Jersey Natural Gas has proposed a 5.5 percent decrease in its BGSS rate
ADVERTISEMENT Copyright 2010-16 Energy Choice Matters. If you wish to share this story, please
email or post the website link; unauthorized copying, retransmission, or republication
prohibited.
June 2, 2016
Email This Story
Copyright 2010-16 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Pricing and Commercial Analyst -- Retail Supplier
• NEW! -- Door to Door Sales Team Manager -- Retail Supplier
• NEW! -- Power/Natural Gas Business Development Manager -- Retail Provider
• NEW! -- Gas Scheduler -- Retail Supplier
• NEW! -- Sales Channel Manager -- Retail Supplier
• NEW! -- Billing Manager -- Retail Supplier -- Houston
• NEW! -- Account Associate / Account Manager -- Retail Supplier
• NEW! -- Director of Commercial Sales -- Retail Supplier -- Houston
• NEW! -- VP, Business Development -- Retail Supplier
• NEW! -- Operations Manager -- Retail Provider -- Houston
• NEW! -- Channel Sales Manager -- Retail Provider
• NEW! -- Energy Sales Analyst -- Retail Provider -- DFW
• NEW! -- Renewable Energy Compliance Analyst
• NEW! -- Retail Energy Analyst -- Retail Provider -- Houston
• NEW! -- Sales Support Specialist -- Retail Supplier
• NEW! -- Director of Channel Sales, Mass Markets -- Retail Provider
• NEW! -- Sales Operations Director -- Retail Provider
|
|
|