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PSE&G Announces Extension of Supply Rate Credit To Default Service Customers
Public Service Electric and Gas (PSE&G) announced that it will extend its bill credit for default service residential gas customers next month, saving customers another $12 on their bills for March usage.
PSE&G provided bill credits for January and February usage, saving the typical residential gas customer about $25. By extending the credit through March, this customer could save a total of $37.
A typical residential heating customer using 165 therms in March and receiving their supply from PSE&G would see a credit of $12, or a nearly 9 percent reduction, in their one-month bill. Depending on meter reading schedules, many customers will see some of the reduction in March with the remainder in their April bills.
The Jan-Mar. bill credits are in addition to a 3 percent annual bill decrease that took effect Oct. 1, 2016 that is saving the typical customer $26 a year. Since January 2009, annual bills for PSE&G's typical residential gas heating customers are 53 percent – or $892 – lower due to supply rate reductions.
Last winter, PSE&G gave back $152 million to customers in the form of bill credits. The utility will be returning an estimated $47 million to customers this winter with the credit extension announced today.
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February 24, 2017
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Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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