PSE&G Lowering Gas Bills by About 5%, Effective Oct. 1
Less volatile commodity prices and solid cost management enabling decrease for customers
"This is an opportunity to lower our gas supply rate, providing our customers with some price relief and helping to maintain affordability," said
Residential natural gas rates
Following
The reduction of about 5% to the typical residential customer's average monthly gas bill is mostly due to the lower BGSS rate.
After this change, a PSE&G residential customer who uses an average of 100 therms per month will have a monthly gas bill of about
We work hard to manage costs while upgrading our gas system to improve reliability. We have maintained low gas rates despite market price fluctuations and continued system improvements, with our gas rates consistently being one of the lowest in the state. In the last 10 years, we have replaced over 2,245 miles of aging gas infrastructure to improve safety, reliability and customer service.
Payment assistance
In this tight economy, we recognize there are customers who need assistance paying utility bills. If so, we encourage you to take advantage of all available assistance programs including LIHEAP and the
Information on payment assistance programs is available at pseg.com/help.
We also encourage customers to take advantage of our energy efficiency programs, tips and tools to help reduce energy use and manage monthly bills.
PSE&G customers also can enroll in our Equal Payment Plan (EPP) to manage energy costs and avoid seasonal fluctuations. The EPP divides the total cost of your energy use into equal monthly payments, making energy bills more predictable.
Customers who have other concerns about their PSE&G bills should contact us via pseg.com/myaccount, PSE&G mobile app or by calling 1-800-436-PSEG (7734).
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This release contains forward-looking information. Actual results may differ from those anticipated. Information describing the significant factors that could cause results to differ from those anticipated are described in
From time to time, PSEG and PSE&G release important information via postings on their corporate Investor Relations website at https://investor.pseg.com . Investors and other interested parties are encouraged to visit the Investor Relations website to review new postings. You can sign up for automatic email alerts regarding new postings at the bottom of the webpage at https://investor.pseg.com or by navigating to the Email Alerts webpage here .
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SOURCE PSE&G