Public Service Electric and Gas Company (PSE&G) is extending its bill credits for residential customers for another month. Initially available January through March, bill credits will continue through April, saving customers an additional $14 on their monthly bill.
Bill credits from January through March have saved the typical residential gas heating customer, who receives gas supply from PSE&G, about $75 for three months, a savings of about 17 percent. Extending the credit for April usage will bring total savings to nearly $88 for the four months.
A typical residential customer using a total of 586 therms from January 1 through April 30 would normally pay about $511. This customer’s bill for the four months will be about $423 with the bill credit.
Since January 2009, annual bills for PSE&G’s typical residential gas heating customers are 52 percent -- or $872 -- lower due to supply rate reductions.
PSE&G makes no profit on the sale of natural gas, and passes along what it pays to customers.