S.1613

New Jersey S1613 prohibits electric public utility rate increases over 5% and bans late fees for affected ratepayers.

New Jersey S1613 mandates that electric public utilities provide detailed information about any rate increase of 5% or more to ratepayers 30 days before and after the increase's effective date. This includes the amount and date of the increase, reasons for the increase, expected impact on bills, and measures to mitigate the impact. The bill also prohibits utilities from disconnecting service or imposing late fees on affected ratepayers within six months of the increase. Additionally, it bans rate increases to recover the cost of installing smart meters.