New Jersey S3313 prohibits the Board of Public Utilities from authorizing rate increases for electric and gas public utilities that use inclining.

New Jersey S3313 prohibits the Board of Public Utilities from authorizing rate increases for electric and gas public utilities that charge inclining block rates for residential customers. Inclining block rates impose higher charges once a customer's usage exceeds certain thresholds. The bill aims to address the outdated nature of these rates, which are not cost-reflective and do not accurately represent the actual cost of generating power. The Board of Public Utilities is mandated to adopt necessary rules and regulations to implement this prohibition.

New Jersey S3313 prohibits the Board of Public Utilities from authorizing rate increases for electric and gas public utilities that use inclining.

New Jersey S3313 prohibits the Board of Public Utilities from authorizing rate increases for electric and gas public utilities that charge inclining block rates for residential customers. Inclining block rates impose higher charges once a customer's usage exceeds certain thresholds. The bill aims to address the outdated nature of these rates, which are not cost-reflective and do not accurately represent the actual cost of generating power. The Board of Public Utilities is mandated to adopt necessary rules and regulations to implement this prohibition.