Residential Migration Continues to Decline at PSE&G

Residential natural gas customers continued to migrate away from competitive supply at Public Service Electric and Gas during the month of October, according to the latest stats from the New Jersey BPU.

The BPU's October stats, including accounts and load migrated, may be found here.

A comparison by Matters of accounts migrated in October 2011 versus September 2011 can be found here.

From the September report to October report, PSE&G saw a net of 1,350 residential customers leave competitive supply. Although eligible distribution accounts declined by about 5,600 during this same period, the percent of migrated residential accounts declined marginally from 4.55% to 4.48%, indicating that not all of the loss of competitive supply customers was due to distribution account churn.

A comparison to the month ago change in residential migration was not available due to a reporting gap in August; however, from July to September, PSE&G saw a net decline in migrated residential gas accounts of nearly 1,500.

The pace of residential migration growth grew at New Jersey Natural Gas and South Jersey Gas, however.

At New Jersey Natural Gas, residential migration growth for October was 783 accounts, versus growth of 390 accounts in September.

At South Jersey Gas, residential migration growth for October was 939 accounts, versus growth of 687 accounts in September.

As a percentage of total residential accounts, migration for the month of October 2011 was as follows:

Elizabethtown Gas: 1.03%

New Jersey Natural Gas: 7.07%

PSE&G: 4.48%

South Jersey Gas: 11.32%