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New Jersey Electric Rates are Going Down

New Jersey electricity customers have something to be thankful for starting on June 1, 2011. Their electricity rates are going down! The New Jersey Board of Public Utilities recently held power auctions that resulted in a decrease in energy bills for many New Jersey residents. This is a much-needed energy rate decrease due to the fact that New Jersey residents pay significantly higher per kWh energy rates than the average energy customer nationwide.

New Jersey customers who get their energy from Atlantic City Electric should see their energy bills decrease by about 4.5% as a result of the power auctions. This means that the average energy customer using 650 kWh per month will see their energy bills go down by about $5.64 monthly.

What about if you get your New Jersey energy from Public Service Electric & Gas Company (PSE&G)? Your monthly energy costs will go down as well thanks to these public auctions although they aren't going to decrease quite as much as the costs for Atlantic City Electric customers. PSE&G customers should see a 3.5% rate drop resulting in an average monthly bill decrease of $4.27.

These rate decreases are definitely good news for New Jersey energy customers. After all, every little bit helps when it comes to reducing your ongoing monthly expenses. Nevertheless, customer shouldn't leave it up to the major utility companies alone to make sure that they are spending less money on energy. There are many things that customers themselves can do in order to decrease their monthly energy costs.

Common actions New Jersey electric customers may take in order to further reduce their energy bills include:

o Engage in energy-saving activities around the house. Turn off lights that aren't in use. Install a programmable thermostat to reduce AC and heat waste. Use proper insulation in the home.

o Implement renewable resource energy in the home. Install solar panels, for example.

o Compare NJ electric rate prices and switch to a lower cost energy supplier. Atlantic City Electric and PSE&G are just two New Jersey energy companies. There is a sea of other options including suppliers that offer much lower New Jersey electricity rates even though they actually deliver their energy through these other major utility companies.

Source: http://www.powergenworldwide.com/index/display/wire-news-display/1356691570.html

 


Publish Date: 2011-04-07 12:02:01

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