OCEAN COUNTY – Residential and small commercial customers will see a reduction in their New Jersey Natural Gas bill starting in March.
The company announced that they will implement a bill credit and lower the Basic Gas Supply Service (BGSS) rate for these customers. Based on their estimations, an average household would see a savings of $129.48, or 8.1%, on their annual bill.
“We never stop working to meet our customers’ expectations for safe, reliable service at a reasonable cost,” said Steve Westhoven, President and CEO of New Jersey Natural Gas. “Following a period of volatility and higher natural gas costs, we are pleased to see prices come down and to pass these savings on to our customers. We will continue to monitor market conditions and use our expertise to manage costs and provide savings to our customers whenever possible.”
The bill credit is a one-time reduction for the month of March. The average homeowner using 134.3 therms would see a $67.88 cut in their bill for that portion.
Additionally, NJNG is reducing its rate to supply the gas, which will amount to a savings of about $61.60 a year for the average person.
The company said that they were able to provide these decreases due to a drop in wholesale natural gas prices, as well as expected rate case refunds and other management strategies.
In related news, any resident who needs help paying their gas bill is urged to call 800-221-0051 and say “energy resistance” at the prompt to speak with someone at the gas company about financial programs. You can also email energyassist@njng.com.
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