Energy

PSE&G Proposes Lowering Gas Bills by 5%

On Jun 5, 2026

PSE&G today announced a filing to lower residential gas heating bills by 5% effective October 1, 2026. The utility said that its strategic and long-term planning efforts have helped maintain the lowest bills in the state and region despite a volatile natural gas market during this past winter.

PSE&G said it is now working on behalf of customers to help keep winter heating costs as stable and predictable as possible. Throughout the year, PSE&G teams monitor energy markets, forecast customer demand and secure natural gas in advance of peak heating season. This long-term planning approach to natural gas procurement helps reduce exposure to market volatility and supports more predictable energy costs for customers when they need heating the most.

“Keeping energy affordable for our customers requires planning, discipline and a long-term approach,” said Brian Clark, senior vice president of gas operations. “By securing supply in advance, maintaining access to valuable storage resources and managing costs responsibly, we’re able to help customers avoid many of the market swings that can lead to higher winter heating bills.”

Natural gas demand is highly seasonal, with approximately two-thirds of residential gas usage occurring between December and March.

Rather than purchasing gas only during periods of peak demand—when prices are often highest—PSE&G purchases much of its supply months or even years in advance.

This long-term approach helps lower costs, reduce exposure to market spikes and provide customers with more predictable gas bills during the winter months.

PSE&G also benefits from sourcing approximately 90% of its residential gas supply from the Marcellus Shale region in Pennsylvania, one of the nation’s largest and most cost-effective natural gas-producing areas.

Because the supply is located close to New Jersey, transportation costs are lower and the company is less exposed to disruptions that can affect more distant supply sources. Combined with a diverse network of pipelines and suppliers, this strategy helps strengthen reliability while keeping costs in check.

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