PSE&G's Energy Efficiency Programs Deliver Savings for Customers and Support State Goals

New Jersey customers have been participating in PSE&G's energy efficiency programs, achieving significant savings on their utility bills. Through March 2025, nearly 465,000 customers have actively participated in these initiatives, collectively saving over $720 million annually on their utility bills. This reflects a range of efforts aimed at helping customers reduce both their energy use and costs, including home energy assessments, and rebates for energy-efficient appliances and products. Since the start of the program, customers have received approximately $740 million in rebates, delivered as either instant discounts at the point of purchase or post-purchase rebates.

Key Takeaways:

• Nearly 465,000 customers have participated in PSE&G's energy efficiency programs, saving over $720 million annually on their utility bills.
• Customers have received approximately $740 million in rebates, with over 95,000 home energy assessments completed and over 140,000 rebates claimed for energy-efficient appliances.
• Over 24,000 smart thermostats and 100,000 power strips have been purchased through the program, with participating customers also receiving smart energy insights to manage their energy use.
• PSE&G's energy efficiency programs have helped businesses implement approximately 28,000 projects that improve operational efficiency, enhance comfort, and manage expenses.
• The Small Business Direct Install program has helped over 1,500 small businesses save approximately $19 million annually on energy costs.
• PSE&G's residential and business customers are on track to save approximately 2.8 million megawatt-hours of electricity annually, equivalent to powering over 406,000 homes each year.
• Natural gas savings are expected to exceed 75 million therms per year, with combined efforts projected to help avoid approximately 2.1 million metric tons of carbon emissions annually.

Statistics:

• Super: $720 million in annual savings for customers who have participated in energy efficiency programs
• Super: 465,000 customers have actively participated in PSE&G's energy efficiency initiatives
• Super: Customers have received approximately $740 million in rebates
• Super: Over 95,000 home energy assessments completed
• Super: Over 140,000 rebates claimed for energy-efficient appliances
• Super: 24,000 smart thermostats purchased
• Super: 100,000 power strips purchased
• Super: Approximately 1,500 small businesses participating in the Small Business Direct Install program
• Super: $19 million in annual energy cost savings for small businesses
• Super: 2.8 million megawatt-hours of electricity saved annually
• Super: Natural gas savings exceeding 75 million therms per year
• Super: 2.1 million metric tons of carbon emissions avoided annually

Sources:

• i Retail bill savings are based on rate class averages for residential and small commercial customers.
• ii Retail bill savings are based on rate class averages for small commercial customers.
• iii Based on the median annual consumption of PSE&G's residential customers.
• iv The Clean Energy Jobs Program placement numbers are reported through June 2025 to reflect the most current available data.
• Public Service Electric & Gas Company (PSE&G)
• Anide Eustache (Media Relations)
• 862-370-5500
• anide.eustache@pseg.com