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NJ S4482
Bill
Status
5/19/2025
Primary Sponsor
Britnee Timberlake
Click for details
AI Summary
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Electric power suppliers and gas suppliers must charge residential customers rates equal to or less than the basic generation service or basic gas supply service rates set by the Board of Public Utilities
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The bill responds to a BPU-approved electricity rate increase taking effect in June 2025, which will raise electricity bills by approximately 17-20% depending on the utility provider
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The measure takes effect on the first day of the third month following enactment
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Applies to all electric power suppliers and gas suppliers serving residential customers in New Jersey, overriding any conflicting laws, rules, regulations, or orders
Legislative Description
Prohibits electric generation service and gas supply service rates from exceeding basic generation service and basic gas supply service rates.
Economic Growth
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee
5/19/2025