News Flash

Township of Hanover News

Posted on: October 11, 2022

A Letter from Kim Hanemann, President & COO

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Dear New Jersey leader:
 
 With today’s inflation and economic uncertainty, we recognize that many people are struggling to pay their bills. At the same time, never has power – in our homes and our businesses – been more important to securing our modern way of life.
 
 At PSE&G, we work hard to keep energy costs as low as possible while also providing utility service that is delivered more reliably than ever.
 
 We are grateful to those who have partnered with us to educate and advocate for our customers, as we recover from the economic impact of the pandemic and get back on track together. This partnership relies on clear and consistent communication about programs, tips and tools to help reduce energy use as well as support for challenges our customers may be facing.
 
For more than a year, PSE&G has shared its “Back on Track, Together” program, encouraging customers to access the help that’s available to help them get – back on track.
 
From social posts to post cards, each and every month we also share ways to save energy and money and how to access payment assistance.
 
We are reaching out today to inform you that PSE&G, and other utilities across the state, filed for a gas rate increase on June 1, 2022, which took effect on Oct. 1, 2022.
 
 The rate increase responds to the 200% increase in natural gas prices. World events and increased demand have led to significant volatility in the natural gas commodity markets, putting upward pressure on the supply charge. The new gas rate reflects the actual cost utilities pay for natural gas, and utilities do not make any money on the supply charge.
 
Despite the increase, PSE&G’s gas bills remain the lowest in the state. 
 
 Even with the rate adjustment, the average PSE&G residential gas customer's bill will be approximately 25% lower than in 2008 and 40% lower when allowing for inflation.
 
 The impact on a PSE&G residential customer using 100 therms per month during the winter months would see an increase in their monthly winter bill of $24.77 or 24.55%.
 
 We invite you to share this information with your constituents and communities – why this is happening and what we can do about it.
 
PSE&G is encouraging customers to prepare now to offset higher bills this winter by taking advantage of our programs, tips and tools to help customers reduce their energy use and manage their monthly bills.
 
We welcome your partnership in also sharing this “ways to save and get help” information – on your websites, in town forums and council meetings, in your newsletters and social media.
 
We also encourage customers to visit PSE&G “Saverhood,” where they can find out how to get an energy efficiency home audit as well as rebates on energy efficient appliances and discounts on lighting to start saving immediately.
 
Help is available. Please encourage all those who are eligible to take advantage of all available assistance including LIHEAP, the New Jersey Universal Service Fund and the American Rescue Plan. Information on these payment assistance programs is available HERE.
 
 We welcome your feedback on how we can help ease the burden on those struggling to pay their bills. Please don’t hesitate to reach out to me or your local PSEG public affairs representative.
 
Powering people. Powering communities. Powering opportunity. That’s Powering Progress.
 
 Sincerely,
  

 Kim Hanemann
President and Chief Operating Officer
Public Service Electric & Gas Company (PSE&G)

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