Prohibits electric public utilities from charging certain customers peak rates under certain circumstances.

This bill (A2954) prohibits New Jersey electric utilities from charging "peak rates" to non-essential business customers during declared major public health emergencies. It directly affects businesses that closed or couldn't operate due to Governor-issued emergency orders (like during the pandemic), requiring utilities to provide credits for the removed peak rates. The credit covers the period from the emergency declaration through its end and must appear on the customer's next bill. Utilities cannot recover lost revenue from other ratepayers, and the law applies retroactively to March 9, 2020.