PSE&G Extends Gas Credit into March
Customers to save another $40 depending on March usage
NEWARK, N.J., Feb. 20, 2014
NEWARK, N.J., Feb.20, 2014 /PRNewswire/ -- Public Service Electric and Gas
(PSE&G) announced today that it will extend its February bill credit for
residential gas customers next month, saving customers another $40 on their
bills for March usage.
The current bill credit of 25 cents per therm, including taxes, will keep the
gas supply rate reduced from approximately 54 cents to approximately 29 cents
per therm for usage in March. With the bill credit factored in, a typical
residential heating customer using 160 therms in March would see a reduction
in their one-month bill from $164.97 to $124.97 for a savings of $40 in their
supply charges. Depending on meter reading schedules, many customers will see
some of the reduction in March with the remainder in their April bills. This
savings is in addition to the $40 savings the same typical residential
customers received through the company's February bill credit for their
"This is the third time we have provided a substantial credit for residential
gas customers this winter heating season," said Jorge Cardenas, PSE&G vice
president of asset management and centralized services. "Since last November,
residential gas customers have saved about $133 on their gas usage- and will
save another $40 next month." He noted that the bill credits are on top of
nine bill decreases that have saved the typical residential customer about
$674- or 39 percent- in supply costs since January 2009.
Cardenas said that PSEG has leveraged its portfolio of gas pipeline
transportation and storage agreements to lower gas costs for residential
customers. "Although current market prices for gas have increased, we have
purchased gas from the nearby Marcellus Shale Formation during the past
several months at rates that are below prevailing market prices due to the
surplus of supply in the region," he said. "These lower cost supplies have
provided a benefit to residential customers. We are required to pass along
these savings to our customers and are particularly happy to do so at a time
when they are striving to keep winter heating bills affordable."
With cold temperatures expected to return next week, the utility offers some
steps customers can take to stay warm and reduce their costs even further.
oCheck for sufficient water levels in the sight glass for hot water and
steam heating systems to ensure maximum efficiency. Clean or replace the
furnace filter on hot air heating systems.
oLower your thermostat by just one degree, which may reduce your heating
bill by up to 3 percent. Save even more by lowering your thermostat 2
degrees during the day and 5 to 10 degrees at bedtime if health conditions
oClose dampers in fireplaces you don't use.
oPurchase and wrap an insulation blanket around the tank of your hot water
heater. Wrap the outlet pipe with inexpensive flexible insulating tubing
to reduce the time it takes for hot water to reach your shower. Set your
hot water heater to no more than 120 degrees.
oMove furniture and drapes away from heating registers, radiators, and
baseboard element covers. Open any register or baseboard dampers.
oCover window air conditioners to reduce drafts. Install insulated or lined
drapes on your windows.
oUse weather stripping or one-sided sticky tape to seal up cracks and
prevent drafts in windows and doorframes. Caulk smaller gaps. Beneath
doors, install draft guards available at hardware stores.
oUse a shrink film insulation kit on really drafty windows or make one
yourself from plastic sheeting and double-faced tape.
oSeal wall switches and electrical outlets with small foam gaskets
available at home improvement centers and hardware stores. Remove the
cover plate, insert the gasket, and screw the cover plate back in
oIf you have a door leading outside from your basement, hang a full-size
sheet of plastic from the door frame to keep heat from escaping. Seal
windows in the basement with plastic to create a barrier against the cold.
(Make sure you allow enough air supply to feed your fuel-burning
oKeep your garage door closed if the garage is attached to the house.
oIf your budget permits, install (or have installed) a programmable
thermostat that you can set to automatically lower room temperatures when
rooms are not in use and also at bedtime if health conditions permit.
oVisit PSE&G's Home Energy Toolkit at www.pseg.com/toolkit. You can
calculate the energy efficiency of your home and find out how to save
energy and money on appliances and heating systems.
Public Service Electric and Gas Company (PSE&G) is New Jersey's oldest and
largest regulated gas and electric delivery utility, serving nearly
three-quarters of the state's population. PSE&G is the winner of the
ReliabilityOne Award for superior electric system reliability. PSE&G is a
subsidiary of Public Service Enterprise Group Incorporated (PSEG) (NYSE:PEG),
a diversified energy company (www.pseg.com).
Want to know what's new at PSEG? Go to www.pseg.com/getnewsand sign up to
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SOURCE Public Service Electric and Gas Company (PSE&G)
Contact: Karen Johnson, 973 430-7734; For customers & others: 800-436-7734
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