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 the New Jersey Board of Public Utilities to mandate that electric and gas utilities offer equal payment plans to residential customers, which spread utility costs into consistent monthly installments. It prohibits utilities from charging lump-sum payments when actual usage exceeds forecasts and bans the practice of underbilling, which occurs when bills are based on estimates rather than actual meter readings. The legislation also prevents utilities from adding outstanding balance differences from estimated bills to future charges and restricts monthly bill adjustments to annual updates based solely on usage data. These changes aim to provide more predictable and stable utility billing for home and business energy consumers.