Requires BPU to prohibit electric and gas public utilities from charging residential customers certain types of payments based on certain billing practices.

This bill requires New Jersey's Board of Public Utilities (BPU) to prohibit electric and gas utilities from charging residential customers lump-sum payments when actual energy usage exceeds forecasted amounts under equal payment plans. It also bans utilities from underbilling (charging customers for the difference between estimated and actual usage) and from adding such balances to future bills. Under the bill, utilities must adjust equal payment plan bills annually based on actual usage data, rather than making monthly adjustments. These provisions directly affect all residential customers of electric and gas utilities in New Jersey by ensuring more predictable billing.