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PSE&G residential electric bills to drop 2.6 percent on June 1

file photo by Boyd Loving
Customers to benefit from lower energy and capacity prices
February 10,2017
the staff of the Ridgewood blog

Ridgewood NJ, Public Service Electric and Gas Co. (PSE&G) today said that residential electric bills will drop 2.6 percent on June 1 as a result of the recent Basic Generation Service supply auction, approved today by the New Jersey Board of Public Utilities.

The monthly bill for a PSE&G residential customer who uses the statewide average of 650 kilowatt-hours per month will be $112.62, or $3 less per month on June 1 than today. Last year, this same customer paid $116.08 per month.

“We commend the Board of Public Utilities for once again approving this efficient and competitive way to secure electricity on behalf of our customers,” said Jorge Cardenas, PSE&G vice president of asset management and centralized services. “Our customers are benefitting from the lower costs of energy and capacity, even as PSE&G is upgrading its transmission and distribution systems to maintain reliability.”

In addition to lower electric bills, most PSE&G customers also receive gas service and are benefitting from lower gas bills this winter. PSE&G lowered the price of residential gas supply on October 1, 2016 to 34 cents per therm — its lowest rate in 16 years.

The utility is also providing bill credits to residential gas customers for usage from January to February 2017 – saving the typical residential gas customer $25 during the two-month period.

2 thoughts on “PSE&G residential electric bills to drop 2.6 percent on June 1

  1. I love the police, but come on . they are over paid to do this bull shit work.

  2. The price of natural gas which is used to make electricity has collapsed. 2.6 is a joke. Thanks for nothing

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