S 3313
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 Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill prevents the New Jersey Board of Public Utilities (BPU) from approving rate increases for electric and gas companies that use ‘inclining block rates’ for residential customers. These rates charge higher prices as usage goes up beyond a certain level. The bill aims to eliminate this rate structure, according to the bill’s sponsor, based on a report indicating these rates are outdated and don’t accurately reflect costs. It will require the BPU to create new regulations to implement the changes.
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