PSE&G Sees Sharp Decline in Growth of Residential Shoppers During August

The growth in the number of residential natural gas customers on competitive supply at Public Service Electric and Gas fell precipitously during August versus the July growth, according to the latest stats from the BPU.

The BPU has posted natural gas migration data, including accounts and load migrated, as of August 2012 (click here).

A comparison by Matters of accounts migrated in August 2012, versus July 2012, can be found here.

From July 2012 to August 2012, PSE&G saw the number of residential gas customers on competitive supply increase by less than 800 accounts, or less than 10% of the July growth of 10,200 accounts, which had been a spike versus the growth seen during most of the year.

Still, the growth of only 800 residential shoppers is also down from the June growth of 3,600 accounts and May growth of 2,100 accounts.

From July 2012 to August 2012, South Jersey Gas saw the number of residential customers on competitive supply increase by 1,300 accounts, which was even with the July growth.

From July 2012 to August 2012, New Jersey Natural Gas saw the number of residential customers on competitive supply increase by nearly 1,300 accounts, up from the July growth of 800 accounts.

Elizabethtown Gas saw the number of residential customers on competitive supply decrease by 30 from July 2012 to August 2012, versus the month-ago decrease of 66 accounts.

As a percent of residential accounts, current migration to competitive gas supply in New Jersey is:

Elizabethtown Gas: 1.56%

New Jersey Natural Gas: 8.53%

PSE&G: 7.31%

South Jersey Gas: 10.99%