Winter Energy Prices Expected To be Lower In NY, NJ

ALBANY (AP) -

New York state regulators expect natural gas and electricity prices this winter to be generally lower than last year.

The state Public Service Commission says New York’s natural gas utilities have adequate supplies. Bills will vary by utility, but natural gas bills in general are expected to be lower this winter.

The same trend is expected for electricity prices, though regulators caution that commodity prices can vary due to weather and by utility.

New Jersey’s largest utility also announced that it will cost customers less to heat their homes this winter. Public Service Electric and Gas is providing credits for the next three months to its residential natural gas customers that will cut the average bill by 31 percent.

PSE&G says the typical customer would receive about $118 in credits, or about half of a monthly bill.