A 4012
"Energy Cost Fairness Act"; prohibits BPU from authorizing rate increases for electric and gas public utilities that charge inclining block rates for residential customers.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
The Energy Cost Fairness Act prohibits the New Jersey Board of Public Utilities (BPU) from approving rate increases for electric and gas public utilities that use ‘inclining block rates’ for residential customers. These rates charge higher prices after a certain level of usage. The bill aims to prevent utilities from raising rates while continuing to use this outdated rate structure, which the sponsor believes is not cost-reflective and may lead to higher summer electricity costs for residents. The BPU will need to create regulations to implement the law.
Sponsors
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Primary sponsor
Alex Sauickie
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