South Jersey Gas Refunding Customers $20 Million
If you are a South Jersey Gas customer, here's some good news: you'll probably be getting a credit on your January bill.
South Jersey Gas has notified the New Jersey Board of Public Utilities that it will provide a bill credit of approximately $20 million to its residential and small commercial customers. This means an average residential customer who buys their natural gas from South Jersey Gas will get a credit of about $58 on their January bill.
According to a press release, the sizable credit is a result of consistently lower wholesale natural gas prices and the overall management of the company’s gas supply portfolio. Jeffrey DuBois, president of South Jersey Gas, said, "With the availability and close proximity of Marcellus Shale gas to our service area, wholesale natural gas prices have steadily declined and remain low, providing us with the ability to offer this bill credit to our customers."
South Jersey Gas provides natural gas service to approximately 370,000 residential, commercial, and industrial customers across much of South Jersey.