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PSE&G's Residential Electric Rates

What rate is right for me?

Most residential customers are billed on a Residential Service or “RS” rate. PSE&G also offers a “Time-Of-Use” or “TOU” rate known as the Residential Load Management, or “RLM” rate, which may be advantageous for EV owners to consider. By switching to the RLM rate from your normal RS rate, you may save money when you charge your vehicle on the weekend and certain hours during the week.

How does the RLM rate work?

The RLM rate varies the price of electricity between “peak” and “off-peak” hours of a day and by season (similar to peak and off-peak travel on public transportation). If you choose to switch to the RLM rate, you will pay a lower rate for the entire weekend and during off-peak hours (9:00 PM – 7:00 AM, Monday through Friday). You will pay a higher rate only during “peak” hours (7:00 AM – 9:00 PM, Monday through Friday).
Customers on the RS rate receive the same rate regardless of the time of day.

Will my electric bill be higher or lower on the RLM rate?

Compared to your current bill, the amount of your bill on the RLM rate will be determined by the appliances you own, when you use them, and your ability to move your electricity usage to off-peak times. Since these factors are different for each customer, it is not possible to determine in advance whether your electric bill would be higher or lower on the RLM rate. However, the average PSE&G customer’s bill without an electric vehicle tends to be about the same on either the RS or RLM rate. In fact, larger than average PSE&G residential customers1 do tend to save on the RLM rate even without an electric vehicle.

If you switch to the RLM rate, your existing meter will be replaced with a TOU meter. Your minimum term of service on the RLM rate will be one year.

In order to choose the appropriate rate for you, evaluate when you plan to charge your electric vehicle, and how you use your electric intensive appliances, such as your air conditioning, washer/dryer, etc. The more you can utilize these devices off-peak, the more you can save.

The chart below compares electric charges in effect January 1, 2015 for the various residential rates – Residential Service (RS), Residential Heating Service (RHS) and RLM:

Summary Delivery
and Supply Charges
RS RHS
(closed to
new customers)
RLM
Monthly Service Charge $2.43 $2.43 $13.98
Charges per kWhr:      
0-600 Summer 0.181924 0.171198  
Over 600 Summer 0.195146 0.189212  
Summer On-Peak     0.273070
Summer Off-Peak     0.099443
0-600 Winter 0.180361 0.154733  
Over 600 Winter 0.180361 0.133898  
Winter On-Peak     0.216226
Winter Off-Peak     0.102579

The On-Peak time period is defined as the hours of 7:00 AM to 9:00 PM (EST), Monday through Friday. During Daylight Savings Time, all times will move ahead one hour (7:00 AM to 8:00 AM and 9:00 PM to 10:00 PM). All other hours are defined as the Off-Peak time period. Summer is defined as the months of June through September. Winter is defined as the months of October through May.

If you’re interested in switching to the RLM rate, please call 1-800-436-PSEG (7734).

 

1 - The average RS customer uses 7,360 kWh a year (530 kWhs in the winter months and 780 kWhs in the summer months).  

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