The Electricity Bill Transparency Act mandates that electric public utilities in New Jersey must clearly itemize specific charges on customer electricity bills. This includes the amount of tax imposed by the Sales and Use Tax Act, the societal benefits charge, and any clean energy charges. The bill also requires that the societal benefits charge be itemized to show how much is allocated to each societal benefits program. This initiative aims to enhance transparency for customers regarding the various charges on their bills that are not directly related to the cost of electricity provision.

By requiring these disclosures, the bill seeks to inform customers about the non-utility related charges that contribute to funding various programs, which they may not be aware of. The intent is to provide clarity and ensure that customers understand the breakdown of their electricity costs, thereby promoting greater awareness of the financial implications of these additional charges. The act will take effect six months after its enactment.

Statutes affected:
Introduced: 54:32B-14, 48:3-60