PSE&G Seeks 5% Residential Gas Rate Cut Starting October 2026
PEG•Public Service Enterprise Group’s utility PSE&G filed for a 5% cut in residential gas heating rates starting October 1, 2026, benefiting 1.9 million customers. The company cites long-term procurement, Marcellus Shale supply and storage access to maintain the region’s lowest bills despite winter market volatility.
1. Proposed Rate Reduction
PSE&G has filed a regulatory proposal to lower residential gas heating rates by 5% effective October 1, 2026, impacting about 1.9 million customers and preserving the lowest cost in New Jersey and neighboring states.
2. Procurement and Storage Strategy
The utility attributes its cost management to advance gas purchases months or years ahead of peak demand and extensive use of storage facilities, reducing exposure to winter price spikes and ensuring stable billing.
3. Regional Supply Advantage
Approximately 90% of PSE&G’s gas is sourced from Pennsylvania’s Marcellus Shale, lowering transportation costs and vulnerability to distant supply disruptions while enhancing reliability for customers.
