PSEG Switching FAQ's
Looking to learn more about PSE&G electricity rates? Thinking about making a switch to or from one of the other electric suppliers NJ has to offer? We've put together some of the commonly asked questions many people have about PSE&G switching, so read on to find out more.
Who are PSE&G?
Public Service Electric and Gas Company (PSE&G) is the state's oldest and largest publicly owned utility based in New Jersey. Now a distribution-only utility for electricity and natural gas, PSE&G serves approximately 2.6 million electricity and natural gas customers in more than 300 urban, suburban and rural communities in central and northern New Jersey. PSE&G customers can participate in the state's Energy Choice program.
What is the New Jersey Choice initiative?
The New Jersey Choice initiative allows consumers to choose from a variety of NJ energy suppliers, whether electricity, gas, or both. It's part of an ongoing restructuring program that is going on all over the country that enables people to make choices on their energy suppliers based on cost, service, or environmental protections. NJ Energy Ratings is more informative than other sites like NJ Power Switch allowing consumers to make more educated decisions, find the plan that best fits their needs and save money.
What happens if I don't choose a supplier?
If you chose not to switch to a third party supplier, you will just remain with your local utility's Basic Generation Service - or BGS. All New Jersey public electricity and natural gas utilities provide both electricity and natural gas supply at a basic service rate to customers in their service territory who don't shop for a retail supplier. This basic supply rate is determined by the NJ BPU.
Is there a difference between a supplier and a distributor?
Your utility company delivers electricity and natural gas to your home through their network of wires or natural gas pipes. They are distributor-only companies. All customers in a utility's service area pay the same set delivery rates (one for electricity, one for natural gas) no matter who supplies their energy.
What are the price differences between suppliers?
Price differences vary from supplier to supplier and can change up to twice a year. It is important for consumers to research their options when choosing a new provider to ensure they don't pay too much or make choices that go against their personal code of ethics. It's simple to compare prices, and many services allow you to do this online. Once you work out your monthly usage for electricity and gas, you should be able to work out how much each provider will cost over the course of a year. Most people choose the cheapest, but you might prefer to pay a little more for cleaner energy if you have environmental concerns.
What else should I look for when comparing companies?
Price is one of the most important factors for the average person, of course. But there are other things to watch out for. You will need to know what other services are included in the price, as well as the length of an agreement. Early cancellation and sign up fees can also make a difference to your annual spend. And, of course, customer service is vital - you want to choose a company who offers you support when you need it.
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