New Jersey Natural Gas Extends Bill Credit Through January 2021

Source: www.gulfoilandgas.com 12/22/2020, Location: North America

New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources notified the New Jersey Board of Public Utilities (BPU) it will provide residential and small commercial customers with a bill credit of $12.5 million for the month of January. The credit comes on top of a $10 million credit issued for December, a total of $22.5 million delivered to customers over the two-month period.

This one-time additional bill credit will save the typical residential heating customer using 197 therms during the month of January $24.03, or a decrease of 11.3% on their monthly bill.

When combined with the previous credit issued in December, NJNG will have saved the average customer $43.34 over the two-month period.

"With the arrival of winter snowfall and colder temperatures across the state, we are pleased to be able provide another timely bill credit to our customers during the heating season, when bills are typically at their highest," said Steve Westhoven, President and CEO of New Jersey Natural Gas. "We will continue to utilize our market expertise and prudently manage our costs to identify savings wherever possible for our customers."

NJNG is able to provide this additional bill credit at this time due to lower natural gas prices. NJNG does not earn a return on the price of natural gas used to serve its customers. This bill credit does not affect NJNG’s profitability.

While delivering this type of direct, broad-based relief benefits all of its customers, NJNG recognizes many customers are still struggling under the economic pressures of the pandemic and has additional resources to help. Any customer who is having trouble paying their bills should contact NJNG to be connected with Energy Assistance programs that can provide other relief, including: deferred payment arrangements, budget plans, utility bill payment assistance, one-time grants, and low- or no-cost energy efficiency programs to reduce consumption and lower bills.


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