Thursday, April 24, 2014
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PSE&G Announces Two-Month Bill Credit for Residential Customers

Public Service Electric & Gas customers should have some extra dollars in their wallets this holiday season.

PSE&G Announces Two-Month Bill Credit for Residential Customers

Public Service Electric & Gas customers should have some extra dollars in their wallets this holiday season.

The Newark utility announced yesterday it is providing a two-month bill credit for residential gas customers that will cut the average monthly bill by about 33 percent in November and December.

For the typical residential customer, that translates into a total savings of $93.10, according to the utility. Depending on meter-reading schedules, many customers will see some of the credit in November and December, with the rest in January.

The drop in rates is the latest in a string of reductions in customer bills that started in January 2009, which have saved the average residential PSE&G customer about $674 per year. Customers of the three other gas utilities in New Jersey have benefitted from steep cuts in their utility bills.

“We’re pleased that we can provide this substantial credit to our customers, especially at this time of year,’’ said Jorge Cardenas, vice president of asset management and centralized services. “This bill credit will return money to customers as temperatures are dropping and they strive to keep heating bills affordable.’’

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