Three major electric companies in South Jersey – Atlantic City Electric, PSE&G, and Jersey Central Power & Light – have agreed to a rate deferral that will cut customers’ bills by $60 ahead of the hottest summer months. The price reduction will be applied to bills issued between July and August when electricity usage is at its peak, but it won’t affect the total bill until September through February. This move aims to ease the impact of a recent surge in electricity prices that took effect this month.
Source: https://6abc.com/post/3-major-south-jersey-electric-companies-cutting-customers-bills-ahead-hottest-months-is-catch/16790316