New Jersey A4506 prohibits electric public utility rate increases for residential customers during summer and gas public utility rate increases.
New Jersey A4506 prohibits electric public utility rate increases for residential customers during the summer season from June 1 through August 31 and gas public utility rate increases during the winter season from January 1 through March 31. The bill aims to prevent rate shock among consumers by stabilizing energy bills during peak usage periods. The Board of Public Utilities is tasked with ensuring these prohibitions.
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