Natural gas customers in New Jersey are expected to see a drop in their energy bills this winter after the state’s Board of Public Utilities approved new tariffs this week for the four gas distribution utilities.
Tom Jonson of NJ Spotlight reports the new tariffs for the four gas distribution utilities will lower costs for their customers this winter because of a continuing decline in wholesale gas prices.
According to NJ Spotlight, the declines are the result of expectations that discoveries of new Marcellus Shale natural gas deposits in the formations will prolong a drop in prices of fuel.
NJ Spotlight says the rates will take effect October 1. Some of the decreases could be modified by other proposals adopted by the board.