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 energy use exceeds specific thresholds, regardless of when energy is consumed. The bill directly affects residential customers in New Jersey who currently face these tiered pricing structures, particularly during high-use seasons like summer. It requires the BPU to halt any rate hike approvals for utilities using this rate design, though it does not eliminate the rate structure itself. The sponsor cites a 2024 report stating such rates are outdated and not cost-reflective, aiming to reduce residential electricity costs.