NJ's largest utility asking for rate hikes
Public Service Electric and Gas Co., a subsidiary of Public Service Enterprise Group Inc., has requested raising electric rates by 4 percent and gas rates by 5.4 percent. That would mean an extra $55 a year on the bills of electric customers and $77 for gas.
The Newark-based utility, which has 2.1 million customers across the state, wants the higher rates to be in place by the end of March.
The first hearing before the BPU on the proposed increase is scheduled was held in Hackensack.
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COVID-19: Daily electricity demand dips 15% globally, says report
LONDON - The daily demand for electricity dipped at least 15 per cent across the globe, according to Global Energy Review 2020: The impacts of the COVID-19 crisis on global energy demand and CO2 emissions, a report published by the International Energy Agency (IEA) in April 2020.
The report collated data from 30 countries, including India and China, that showed partial and full lockdown measures adopted by them were responsible for this decrease.
Full lockdowns in countries — including France, Italy, India, Spain, the United Kingdom and the midwest region of the United States (US) — reduced this demand for electricity.
Reduction in…
