Thousands of area residents will be paying less for natural gas right as temperatures start to dip.
State regulators have approved a rate decrease for South Jersey Gas customers.
Rates will be lowered by 3.2 percent, beginning Oct. 1. The average customer will pay $4.22 a month less.
The Press of Atlantic City reports the decrease is the result of the Conservation Incentive Program which stabilizes rates based on seasonal weather changes. In short, rates are going down because customers used more gas for heat last winter.
“In addition, with natural gas at a current price advantage of as much as 70 percent annually compared to other home heating fuels, it’s an ideal time for prospective customers to consider making the switch,” said South Jersey Gas president Jeffrey DuBois in a press release.
South Jersey Gas has about 350,000 customers in Atlantic, Cape May and Cumberland counties.