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

This bill prohibits electric public utilities from raising residential rates during the summer months of June through August and prevents gas public utilities from increasing residential rates during the winter months of January through March. It applies specifically to residential customers of public utilities in New Jersey that distribute electricity or gas within the state. The law overrides any existing regulations that might allow rate increases during these peak usage seasons, ensuring that bill hikes cannot take effect when consumers are most vulnerable to high energy costs. The measure takes effect immediately upon passage and aims to prevent sudden rate shocks during periods when households typically spend more on energy for heating and cooling.