PSEG Announces in June 2010 that they are increasing prices!

With the Gas & Electric Deregulation movement in full swing, I was amazed to see this news wire on the article in Forbes magazine:

http://www.forbes.com/feeds/prnewswire/ 2010/06/07/prnewswire201006071503PR_NEWS_USPR _____NY16903.html

NJ Electric Deregulation PSEG increases Prices!

One of lowest options for PSEG residential customers is with  Viridian. They are offering a rate of $0.11800 per kWh compared to the PSEG default price to compare rate of 12.24 for the summer months of June through September.  Bigger households have to pay even more as their rates rise to 13.21 cents per kilowatt hour after they consume 600 KWH or more every month, which is about how much a 1 bedroom apartment would use in the summer.  This results in savings between 7-8%.

PSE&G residential rates will be about 12.27 from October 2010 to May 2011.  What most people don’t realize is that even after you switch electric companies and start paying a lower rate, you remain a PSEG customer as they continue to monitor the lines and wires for the electricity and the billing component.  So at the end of the day, the only thing that changes is that you pay a lower New Jersey electric bill. But the added bonus when you join AMA/Public power is that you also be enrolled in their customer appreciation program. You will receive 500 points upon switch over , then 125 points there after,just for paying your bill. So not only will you be saving each month on your electric bill. You will be able to receive discounts on travel,dining,local shops and movies and online merchandise on the AMA customer appreciation awards site.  

This is certainly the right time to explore other power options! Have questions?  or Email me at Steve@NY-NJelectricderegulation.com

NY & NJ electric deregulation

Associate Code:19129

http://www.viridian.com/greenvenergy/Custom/CUST077/PersonalPages/OurMarkets.aspx