Natural gas from the Marcellus Shale is once again causing PSEG residential customers to see a significant drop in heating costs; the company has said it will extend its credit program through April.
The typical residential gas customer will see the April bill cut by 32 percent.
The credit program began in November and will now have continued for six months. The typical resident, according to PSEG, will have seen a $236 reduction in gas bills this winter. This is despite the fact that PSEG experienced four of its top-five peak days ever for gas delivery due to the cold this winter. According to the company, PSEG makes no profit on the sale of natural gas and passes along what it pays to its customers.