Requires customer consent to material changes to third-party energy supply contracts under certain circumstances.*
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill requires energy suppliers in New Jersey to obtain explicit consent from residential customers before making significant changes to their energy supply contracts. Specifically, it protects consumers by ensuring they agree to alterations like price increases exceeding 20%, changes in pricing structure (fixed to variable), or contract duration changes. Suppliers must provide detailed written notices outlining the proposed changes and offering customers the option to cancel without penalties within 60 days.
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1 on record
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