> 2023 > South Jersey Gas Implements Voluntary Rate Reduction to Lower Customer Bills

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South Jersey Gas Implements Voluntary Rate Reduction to Lower Customer Bills

ATLANTIC CITY, NJ, February 23, 2023 – As part of its commitment to provide safe, reliable, affordable natural gas, South Jersey Gas has filed notice with the New Jersey Board of Public Utilities (NJBPU) to voluntarily lower its gas supply rate by approximately 7.7%, effective March 1, 2023.

On February 14, South Jersey Gas submitted a notice of intent to self-implement a Periodic Basic Gas Supply Service (“BGSS-P”) rate reduction from the current provisional rate of $0.786191 per therm including taxes to $0.627739 per therm including taxes.

This rate reduction will decrease the monthly bill of a typical residential heating customer by $15.85, or 7.7%, compared to the company’s current rates.

“Since our original BGSS filing in June 2022, commodity gas prices and market forecasts have shifted significantly. We are acting swiftly to make sure our customers promptly benefit from improved market conditions,” said Deborah Franco, Vice President of Rates, Regulatory and Sustainability, SJI Utilities.

South Jersey Gas will continue to monitor natural gas market conditions and the company’s costs to determine whether future BGSS-P rate related adjustments are appropriate.

For more information about SJI and its subsidiaries, please visit sjindustries.com.

About South Jersey Gas

South Jersey Gas, subsidiary of South Jersey Industries, delivers safe, reliable, affordable natural gas and promotes energy efficiency to more than 400,000 residential, commercial and industrial customers in Atlantic, Cape May, Cumberland, Salem, and portions of Gloucester, Burlington and Camden counties in New Jersey. For more information, visit southjerseygas.com.

About SJI

South Jersey Industries (SJI), an energy infrastructure holding company based in Folsom, NJ, delivers energy services to customers through two primary subsidiaries:  SJI Utilities (SJIU) and SJI Energy Enterprises (SJIEE).  SJIU houses the company’s regulated natural gas utility operations, delivering safe, reliable and affordable natural gas to more than 700,000 residential, commercial and industrial customers across New Jersey via its South Jersey Gas and Elizabethtown Gas subsidiaries. SJIEE houses the company’s non-utility operations primarily focused on clean energy development and decarbonization via renewable energy production and energy management activities.  Visit sjindustries.com for more information about SJI and its subsidiaries.

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