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NJ S2714
Bill
Status
1/13/2026
Primary Sponsor
Britnee Timberlake
Click for details
AI Summary
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Prohibits electric power suppliers and gas suppliers from charging residential customers rates that exceed basic generation service (BGS) or basic gas supply service (BGSS) rates set by the Board of Public Utilities.
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Takes effect on the first day of the third month following enactment.
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Responds to a BPU-approved electricity rate increase effective June 2025 that will raise residential bills by approximately 17-20 percent depending on the utility.
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Applies to third-party energy suppliers competing in the deregulated market, capping their rates to match or fall below default utility service pricing.
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
1/13/2026