Wall-based New Jersey Natural Gas has announced a rate decrease.
According to the announcement, NJNG will reduce its basic gas supply service rates for residential and small commercial customers effective December 1, 2013. In addition, NJNG received approval from the New Jersey Board of Public Utilities to adjust its societal benefits charge rate. The net effect is an overall 4.3 percent reduction. The typical residential heating customer using 100 therms a month will see their bill go from $115.75 to $110.70, a savings of $5.05. On an annual basis, a residential heating customer using 1,000 therms a year would see their bill go from $1,174 to $1,123.50, a savings of $50.50.