Residential gas customers (on PSE&G’s basic gas supply rate) can look forward to lower gas bills this winter, thanks to a recently approved gas bill reduction of 9 percent, saving the typical customer about $100 a year.
PSE&G’s gas supply rate of 45 cents per therm took effect on October 1, 2014, and is the lowest it has been since 2000.
“We are pleased to once again lower gas bills for our customers during this upcoming winter heating season,” said Jorge Cardenas, vice president of asset management and centralized services-PSE&G. “Since January 2009, our residential gas customers have benefited from multiple rate decreases. With this latest decrease, gas supply reductions will have lowered bills about 44 percent in the last five years.”
Last winter, PSE&G provided several substantial bill credits that helped its typical customers save about $173 on their gas bills for usage during the months of November, December, February and March.
Cardenas said the company has worked hard to manage the portfolio of gas pipeline and storage agreements to be able to lower gas costs for its residential customers and help keep winter heating bills affordable. PSE&G also continues to purchase gas from the nearby Marcellus Shale Formation, which has helped to lower supply costs.
Despite lower prices, PSE&G encourages customers to use gas wisely with these tips:
- Lower your thermostat by just one degree, which may reduce your heating bill by up to 3 percent. Save more by lowering your thermostat 2 degrees during the day, and 5 to 10 degrees at bedtime, if health conditions permit.
- Use caulking or weather stripping to seal holes and cracks around windows, doors and walls.
- Keep warm air inside. Make sure windows are closed tightly and locked. Raise shades and open curtains during the day. Close shades and curtains at night.
- Visit pseg.com/saveenergy for more energy saving information and to learn about programs that may be able to help you pay your bill.