PSE&G to Issue a Bill Credit for Gas Supply in February and March
Typical customer to save almost $26 on their gas bill
(NEWARK, N.J. – Jan. 29, 2020) PSE&G announced today that it is issuing a bill credit for its gas supply during February and March due to lower gas supply costs.
“We are glad to be able to help people save on their bills,” said Michael Schmid, PSE&G’s vice president of Asset Management & Centralized Services. “Lower natural gas prices, combined with our ability to efficiently manage our gas supply contracts and purchases, have produced cost savings and we are pleased that our customers can benefit.”
A typical residential customer who receives gas supply from PSE&G will save about $26, or 9%, for usage during February and March of 344 therms.
Residential gas bills today are about 50% lower than they were in 2008.
PSE&G makes no profit on the sale of natural gas, and passes along what it pays to customers.
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Public Service Electric and Gas Co. (PSE&G) is New Jersey’s oldest and largest gas and electric delivery public utility, serving three-quarters of the state’s population. PSE&G is the winner of the ReliabilityOne Award for superior electric system reliability in the Mid-Atlantic region, as well as the 2018 Outstanding Customer Reliability Experience Award. PSE&G is a subsidiary of Public Service Enterprise Group Inc. (PSEG) (NYSE:PEG), a diversified energy company. PSEG has been named to the Dow Jones Sustainability Index for North America for 12 consecutive years (www.pseg.com).