Bill > A5512

This bill adds new protections for residential utility customers in New Jersey by prohibiting electric and gas public utilities from implementing rate increases during specific seasonal periods. Specifically, electric utilities cannot raise residential rates during the summer months (June 1 through August 31) and during the winter months (January 1 through March 31), while gas utilities are prohibited from raising residential rates during the winter months (January 1 through March 31). The bill requires these utilities to provide residential customers with at least 30 days advance notice of any proposed rate increase, which must be sent via mail or electronic mail. Key terms in the bill include defining "electric public utility" and "gas public utility" as entities that distribute electricity or gas to end users within the state, and referencing the Board of Public Utilities as the governing body overseeing these regulations. The purpose of the bill appears to be protecting residential customers from rate increases during periods of potentially high energy consumption, when utility bills are already likely to be more burdensome.

Transportation and Infrastructure

https://www.njleg.state.nj.us/bill-search/2024/A5512