For Immediate Release
LANDING, N.J. (June 1, 2017) - The New Jersey Board of Public Utilities (BPU)
recently approved the Basic Generation Service (BGS) supply rates and
decreases in distribution pass-through charges that appear on an Atlantic City
Electric (ACE) customer's bill. Starting June 1, 2017, a typical BGS residential
customer using 716 kilowatt hours per month, will see a total monthly bill decrease of $7.21, from $136.90 to $129.69, a 5.3 percent decrease over rates currently in effect. The
two drivers of this decrease include lower energy supply rates and an
adjustment to pass-through distribution charges.
The energy supply rate decrease of
$4.65 per month or 3.4 percent is a result of the BPU's annual BGS Auction, a
competitive bid process that determines the energy supply portion of the bill
for ACE's BGS customers. Lower wholesale power prices, driven by lower
natural gas prices are resulting in electricity savings for ACE residential BGS
The BPU has also approved ACE's petition
seeking the Board's approval to adjust pass-through distribution charges that
appear on customers' bills including the Non-Utility Generation Charge and Societal
Benefits Charge. These charges are reviewed and updated on an annual basis
through periodic filings to the BPU.
Due to decreases in these charges, a
typical residential customer using 716 kilowatt hours per month, will see a total
monthly bill decrease of $2.56, or 1.9 percent. All ACE residential customers will benefit
from this bill decrease regardless if they are a BGS customer or utilize a
third party supplier.
rates cover the cost of delivering power. All electric customers in the ACE
service area receive electric distribution service from ACE, even if they buy
their energy from a third-party supplier.
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