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PSE&G's Summer Relief Initiative

Amid rising electricity costs, PSE&G has taken bold steps to alleviate financial burdens for its residential customers through the new Summer Relief Initiative. The program, aimed at protecting low-income and qualified customers from disconnections, addresses the recent spike in electric supply prices caused by the PJM capacity auction, which saw rates jump 17% on June 1.

The initiative includes a Summer Moratorium, expanding upon the Winter Termination Program set to commence on July 1, 2025. This program ensures that customers at risk of disconnection receive essential protection throughout the summer, continuing until September 30, 2025. In conjunction with this, PSE&G has also suspended reconnection fees, providing an extra layer of relief to those who may have been unable to pay their bills.

In seeking approval from the New Jersey Board of Public Utilities (BPU), PSE&G plans to defer the impact of these supply rates over the coming months, effectively shielding customers from immediate financial repercussions. The extensive support proposed by PSE&G demonstrates their commitment to assisting New Jersey residents during a critical time when electricity consumption typically peaks due to warmer temperatures.

Kim Hanemann, the president and COO of PSE&G, emphasized the necessity of addressing the energy supply-demand imbalance in New Jersey. He stated, “PSEG is not the cause of the 17% rise in electric rates, but we can support our customers by advancing critical solutions.” This acknowledgment highlights the challenges faced by utility companies and the importance of collaboration with policymakers to foster sustainable energy solutions.

As electricity usage soared during summer months, many families find themselves grappling with elevated costs. The demand for cooling significantly escalates, and residents are encouraged to manage their energy consumption effectively. To aid customers, PSE&G provides resources for energy efficiency practices through its website. Customers can utilize pseg.com/energyefficiency for valuable insights on how to reduce consumption, especially during peak usage hours.

Furthermore, PSE&G continues to work directly with various nonprofits and community organizations to ensure customers are aware of different energy assistance options available to them. Programs such as the Low Income Home Energy Assistance Program (LIHEAP) aim to offer financial assistance based on specific eligibility requirements. Additional billing options include the Equal Payment Plan, which distributes energy costs evenly throughout the year, enabling customers to budget effectively while avoiding sudden spikes in their billing statements.

As part of this ongoing commitment, PSE&G underscores the importance of long-term solutions to prevent future rate increases. The utility continually stresses the need for new power generation development in New Jersey and advocates for policies that promote energy generation expansion.

In conclusion, as warmer months loom ahead, PSE&G's Summer Relief Initiative stands as a testament to their proactive approach to customer service and affordability. By supporting consumers during critical times, PSE&G not only strengthens its corporate responsibility but also reaffirms its status as a trusted energy provider in the region. The company’s dedication to sustainability and reliability has earned them numerous accolades, including recognition in customer satisfaction and energy efficiency efforts, positioning them as a pivotal player in New Jersey's energy landscape.