For Immediate Release
LANDING, N.J. - The New
Jersey Board of Public Utilities (BPU) has approved Atlantic City Electric's
(ACE) petition seeking the Board's approval to adjust several pass-through
charges that appear on customers' bills including the Non-Utility Generation Charge, Societal
Benefits Charge and System Control Charge. These charges are reviewed and
updated on an annual basis through periodic filings to the BPU.
A typical residential customer using 1,000
kilowatts hours per month will see a total monthly bill decrease in the next
billing cycle of $4.55, from $170.34
to $165.79, a 2.6 percent decrease
over rates currently in effect.
Supply refers to the generation of
electricity. Under deregulation, customers can choose to buy electricity from
competing suppliers. Or, if they do not choose a third-party supplier, the
utility buys power for them and passes along the cost. This is called Basic Generation Service (BGS).
ACE's BGS customers using an average of 1,000 kilowatt
hours per month will also see an additional total monthly bill decrease of
approximately $1.64, or about 1 percent.
This rate decrease resulted through the annual BGS Auction, a
competitive bid process that determines the supply portion of the bill for ACE's
BGS customers. Customers who receive their energy supply from an alternative or
third-party energy provider will not see the BGS decrease in their monthly
rates and other items represent about 75 percent of a customer's bill and are
adjusted periodically. Supply costs are driven primarily by the cost of fuel to
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. Distribution rates
represent approximately 25 percent of a customer's total bill, depending on the
electricity supplier used by the customer.
For additional information about Atlantic City
Electric, visit www.atlanticcityelectric.com. Follow
us on Facebook at www.facebook.com/atlanticcityelectric and on Twitter at www.twitter.com/acelecconnect. Our mobile app is available at www.atlanticcityelectric.com/mobileapp.