WALL, N.J.--(BUSINESS WIRE)--
New Jersey Natural Gas (NJNG) today received approval from the New Jersey Board of Public Utilities (BPU) for a decrease to its Energy-Efficiency (EE) rate. A typical residential heat customer using 1,000 therms annually will see their bill go from $1,062.88 to 1,056.78 per year, a savings of $6.10 or 0.6 percent. These savings come on top of a 0.7 percent reduction to their bills, which was previously approved by the BPU in September. The net effect of these rate changes is an overall annual decrease of $13.40 or 1.3 percent. The new rate and cumulative savings will be effective November 1, 2017.
“With the weather turning colder, we are pleased to help further lower customers’ bills heading into the winter heating season,” said Laurence M. Downes, chairman and CEO of New Jersey Natural Gas. “As always, we are committed to doing our best to ensure safe, reliable, affordable service for our customers.”
NJNG’s EE rate recovers costs associated with its offerings through The SAVEGREEN Project® (SAVEGREEN), including investment in energy-efficient equipment upgrades and whole-house improvements. Launched in September 2009, SAVEGREEN provides rebates and incentives to help customers reduce their energy costs and emissions. These offerings complement those administered by New Jersey’s Clean Energy Program™ and support the state’s goal to lower customer energy costs, improve energy efficiency, reduce greenhouse gas emissions and encourage economic development.
Since its inception in 2009, SAVEGREEN has completed over 40,000 energy audits, helped nearly 49,000 customers with energy-efficiency upgrades and generated more than $370 million of economic activity in New Jersey.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is comprised of five primary businesses:
NJR and its more than 1,000 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®.
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