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NJ S3313
Bill
Status
Introduced
2/5/2026
Primary Sponsor
Carmen Amato
Click for details
AI Summary
- Prohibits the New Jersey Board of Public Utilities from authorizing any rate increases for electric or gas public utilities that charge residential customers inclining block rates
- Defines inclining block rates as rate structures that impose higher rates once usage exceeds certain thresholds, regardless of when electricity or gas is consumed
- Requires the Board of Public Utilities to adopt rules and regulations to implement the prohibition
- Aims to eliminate a rate structure that a December 9, 2024 board report characterized as "outdated" and not cost-reflective of actual power generation costs
- Takes effect immediately upon enactment
Legislative Description
Prohibits BPU from authorizing rate increases for electric and gas public utilities that charge inclining block rates for residential customers.
Economic Growth
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee
2/5/2026
Committee Referrals
Economic Growth2/5/2026
Full Bill Text
No bill text available