Prohibits electric public utility residential rate increases during summer and gas public utility residential rate increases during winter.

This bill prohibits electric utilities from raising residential rates during summer (June 1-August 31) and gas utilities from raising residential rates during winter (January 1-March 31). It directly affects New Jersey residential customers who rely on electricity or natural gas for heating and cooling. The key provision blocks rate increases during peak usage seasons to prevent financial strain when energy demand and costs are highest. The bill’s sponsor states it aims to avoid "rate shock" by discouraging timing of increases just before seasonal peaks.