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PSE&G Further Reduces Default Service Rate

September 15,2015



Public Service Electric and Gas announced that it will reduce its basic gas supply rate to 40 cents per therm from 45 cents per therm, effective October 1

Also included in PSE&G's latest adjustments is a small reduction to the Balancing Charge to 9.4 cents from 9.6 cents.

“Natural gas prices have dropped significantly and we are pleased to be able to pass on our cost savings to our customers,” said Jorge Cardenas, PSE&G vice president of asset management and centralized services. “In addition to the abundant supply of natural gas from the nearby Marcellus Shale Formation, PSE&G has managed its portfolio of gas pipeline and storage agreements to lower gas costs for its residential customers and help keep heating bills down when the temperature drops.”

Tags:
PSE&G   New Jersey   Price To Compare   Default Service  

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