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NJ Natural Gas Cutting Rates

Some natural Gas customers in New Jersey are getting a break even though they’re paying more at the gas pump.

Rowan Castle, Getty Images

New Jersey Natural Gas on Friday announced it is lowering its basic gas supply service rate and issuing a bill credit in March.

A typical customer will save more than $43 annually from the rate cut, which reflects lower wholesale natural gas prices and a warmer than normal winter.

The utility also will provide customers a bill credit for the fourth month in a row which will save the typical customer $33 for the month.

New Jersey Natural Gas provides service to nearly 500,000 customers in Ocean, Monmouth and Morris Counties.

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

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