PSE&G to lower residential gas bills by 23%

Matthew Fazelpoor//January 25, 2023//

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Effective Feb. 1, PSE&G is lowering gas bills for its residential customers by 23%.

In a Jan. 25 announcement, the utility said that the gas supply rate will be reduced by 15 cents per therm to 50 cents per therm, with the 23% decrease in the commodity charge reflecting the decrease in natural gas prices over the past few months.

Gas stove — As of Feb. 1, PSE&G says that the average residential gas customer’s bill will be roughly 30% lower than in 2008 and 44% lower when allowing for inflation. – PEXELS

A customer who uses 100 therms per month would then have a monthly winter gas bill of about $116 — $15 less than it is now. PSE&G says that the average residential gas customer’s bill will be roughly 30% lower than in 2008 and 44% lower when allowing for inflation.

“This is good news, with many of our customers still struggling to deal with a variety of economic pressures,” said Dave Johnson, vice president customer care & chief customer officer.

PSE&G offers tips and tools for customers struggling to pay bills, including Low Income Home Energy Assistance (LIHEAP) and the New Jersey Universal Service Fund, as well as energy efficiency programs. Customers can also enroll in the Equal Payment Plan (EPP) to manage energy costs and avoid seasonal fluctuations.

“We’re pleased to be able provide this relief and we will continue to help our customers manage energy use and costs,” Johnson added.