UNION, NJ – Elizabethtown Gas customers will begin the new year with a little more money, thanks to a refund of a portion of their natural gas costs, the fourth refund in a year totaling more than $34 million in cost savings.
Approximately $6 million will be shared among residential and small commercial customers and will be applied to January bills. The one-time refund is based on the amount of natural gas used during the 12-month period that ended Sept. 30, 2015. Because the company projected higher prices for natural gas supplies than it paid, customers will receive a refund.
“While natural gas prices typically increase during the coldest months of the year due to supply and demand, the overall prices for the commodity have remained historically low,” said Brian MacLean, president of Elizabethtown Gas. “We are pleased to pass along additional cost savings to our customers.”
With winter weather in full effect, Elizabethtown Gas encourages customers to take advantage of the company’s energy efficiency program, energySMART, which can help them better understand and gain control of how much energy they use, as well as demonstrate where they may find potential energy savings in their home or business. In addition, the program offers rebates that, when combined with offers from New Jersey’s Clean Energy Program, can provide up to $1,450 in rebates on the purchase and installation of energy-efficiency equipment.