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Rockland Electric Company Offering Assistance as Energy Market Prices Surge

Company Reminds Customers of Payment Options, Budget Billing, Energy Saving Tips, Energy Efficiency Programs
Posted on: September 23, 2022 - 2:12pm
Orange and Rockland Utilities, Inc.

Pearl River, NY - September 23, 2022 – Rockland Electric Company is urging customers to take action now that can help them manage costs this winter as market supply prices for electricity and natural gas are expected to be higher than last winter.

Though summer is still winding down, Rockland Electric Company, recognizing the hardship high bills can impose, is letting customers know what they can expect for electric costs in the winter of 2022-23 and steps they can take to soften the impact.

The company offers Tips for Lowering Your Energy Bill and a number of Payment Plans and Assistance www.oru.com/njbillhelp, including Budget Billing, which smooths customer’s costs out throughout the year. The company encourages customers to check out its energy efficiency incentives for upgrades customers make to their homes. Rebates, Incentives, and Tax Credits

Utility companies and customers across the Northeast are facing similar circumstances. The increases in customers’ bills are mainly due to increases in the market supply cost of natural gas, which is volatile and also influences electric market costs.

Rockland Electric Company purchases electricity for its customers for the majority of its load through an annual Basic Generation Service (BGS) auction. This is the mechanism that the New Jersey Board of Public Utilities (NJBPU) requires all of the state’s electric utilities to use to secure the electric supply requirements for their customers. Through the auction, New Jersey’s electric utilities buy a portion of their electric supply over a three-year period --- one auction per year.

Rockland Electric Company does not set supply prices and does not make a profit on the supply.

The auction method this year shielded the prices somewhat from the market’s turbulence. A typical Rockland Electric Company residential customer using 925 kWh per month this winter is expected to see a bill increase of $10.09 from $166.76 to $176.85 or 6.1%.

The best strategy for Rockland Electric Company’s approximately 73,000 NJ energy customers is to carefully manage their usage.

The company offers help for customers who are struggling with their bills. Rockland Electric Company can put customers on Payment Plans and Assistance www.oru.com/njbillhelp, so that they can pay off balances over time, rather than all at once.

Customers who receive benefits from certain government programs may qualify for discounts on their monthly energy bills. Rockland Electric Company offers information on these and other Payment Plans and Assistance www.oru.com/njbillhelp it has available for customers.

Rockland Electric Company is a regulated electric utility that serves 73,000 customers in parts of Bergen, Passaic and Sussex County in New Jersey. Rockland Electric is a wholly owned subsidiary of Orange and Rockland Utilities, Inc., which in turn is owned by Consolidated Edison, Inc. 

Rockland Electric Company, serves the following communities in New Jersey:

Allendale, Alpine, Closter, Cresskill, Demarest, Franklin Lakes, Harrington Park, Mahwah, Haworth (part), Montague, Montvale, Northvale, Norwood, Oakland, Old Tappan (part), Ramsey, Ringwood, Rivervale (part), Rockleigh, Saddle River (part), Upper Saddle River, Wantage (part), Vernon (part), West Milford (part), Wyckoff (part). 

For additional information about Rockland Electric Company, please visit O&R’s Web site at www.oru.com.