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.