New Jersey S3963 prohibits electric utility rate increases for residential customers during summer and gas utility rate increases during winter.
New Jersey S3963 aims to prevent 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. This bill responds to concerns about rate shock among consumers and seeks to stabilize energy bills by avoiding rate increases during peak usage periods.
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