11/08/2024 | Press release | Distributed by Public on 11/08/2024 09:32
Company Offers Payment Plans, Budget Billing
As colder weather approaches, Rockland Electric Company (RECO) is offering programs to help customers with their energy bills, while also sharing tips for saving money by conserving and using energy wisely.
RECO offers Billing and Payment Plans, including Budget Billing, which smooths out costs throughout the year so that customers can pay off balances over time, rather than all at once.
RECO offers these programs out of an understanding that energy costs can represent a hardship, particularly for low- and moderate-income customers.
Among those programs are:
The best way for customers to take control of their bill is to manage their usage of electricity. Customers can follow Tips for Lowering Your Energy Billand check out the company's energy efficiency incentives Rebates, Incentives, and Tax Creditsfor upgrades customers make to their homes.
Customers can save money on energy by using these tips:
RECO projects that its electric bills will be higher this winter.
RECO 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 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.
A typical RECO residential customer using 925 kWh per month this winter is expected to see a bill increase of $18.17 from $185.81 to $203.98, a 9.8% increase over last winter.