PSE&G is implementing a program designed to help residential customers manage electricity costs during the summer of 2025. This initiative combines immediate financial relief with a structured repayment plan, demonstrating a commitment to both customer support and financial responsibility. PSE&G’s reliability and efficiency are underscored by numerous awards.
Key details of the relief initiative include a $30 monthly credit applied to customer bills for July and August 2025. This credit will be repaid through a $10 monthly charge from September 2025 through February 2026. During this period, PSE&G will waive reconnection fees and protect customers from utility shut-offs.
Beyond this specific relief initiative, PSE&G offers ongoing customer assistance programs, including LIHEAP for heating and cooling assistance, SHARES for temporary financial crises, an Equal Payment Plan for spreading costs evenly, and Deferred Payment Arrangements for past-due balances.
Rising electricity costs are driven by PJM Interconnection capacity price auction results and increased summer demand—electricity usage increases significantly with higher temperatures, approximately 125% when temperatures rise from 85°F to 90°F. PSE&G will recover the initiative’s costs through the repayment plan, avoiding interest charges, and anticipating minimal impact on Public Service Enterprise Group Inc. (PEG) stock.
PSE&G consistently receives awards for its electric system reliability and energy efficiency programs. The company ranked #1 in customer satisfaction in the East according to J.D. Power. As a subsidiary of PSEG, PSE&G is committed to a clean energy future and is listed on the Dow Jones Sustainability Index. A disclaimer regarding forward-looking statements is included, and media inquiries can be directed to 973-430-PSEG or dl-ent-pseg.communications@pseg.com.
Frequently Asked Questions: What is PSE&G’s Summer Relief Initiative? It’s a program providing a $30 monthly credit (July-August 2025), waived reconnection fees, and shut-off protection, repaid at $10/month (September 2025 – February 2026). How will this affect PEG stock? PSE&G anticipates minimal negative impact due to the repayment plan. What other help is available? LIHEAP, SHARES, Equal Payment Plan, and Deferred Payment Arrangements. Why are electricity costs increasing? PJM capacity auction results and increased summer demand. Where can I find more information? Contact PSE&G Media Relations at 973-430-PSEG or dl-ent-pseg.communications@pseg.com.
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