Prohibits BPU from authorizing rate increases for electric and gas public utilities that charge inclining block rates for residential customers.

This bill prohibits New Jersey's Board of Public Utilities (BPU) from approving rate increases for electric and gas utilities that use "inclining block rates" for residential customers. Inclining block rates charge higher prices once a household's usage exceeds certain thresholds, regardless of when energy is used. The bill requires the BPU to deny rate hikes for such utilities, citing a 2024 report stating these rates are outdated and do not reflect actual energy costs. It directly affects residential electricity and gas customers, particularly those in summer months when usage thresholds are commonly exceeded.