The deregulation of the electric industry in New Jersey is just around the corner. Over the next three years, customers will receive an additional 14 percent savings resulting from mandated rate reductions and energy tax savings. The mandated rate reductions are guaranteed to remain in effect until August 1, 2003.
Customers can potentially save even more by shopping around in the new competitive marketplace.
NJ Energy Choice is the most innovative and comprehensive energy restructuring initiative in the country. It will rely primarily on TV and radio advertising, as well as newspapers to send the supplier-neutral messages. In addition, an informational brochure will be mailed to every household and business in the state. The objective of NJ Energy Choice is to make clear to consumers that they now have a choice in how they can use this new freedom to achieve their best savings deal for energy.