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

This bill prohibits electric utility rate increases for residential customers in New Jersey during summer (June 1-August 31) and gas utility rate increases during winter (January 1-March 31). It directly affects homeowners who rely on electricity or natural gas for heating and cooling. The law prevents utility companies from implementing new rates during peak seasonal demand periods, requiring rate changes to occur outside these months. This policy change aims to avoid sudden bill spikes when energy usage and costs typically rise.