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S4166 SEG Statement 6/8/26
SENATE ECONOMIC GROWTH COMMITTEE
STATEMENT TO
SENATE, No.
4166
with
committee amendments
STATE
OF NEW JERSEY
DATED:
�JUNE 8,
2026
����� The Senate Economic Growth Committee reports favorably
and with committee amendments Senate Bill No. 4166.
����� As amended and reported, this bill requires the
express verbal, electronic, or written consent of a residential customer for
any material change to the residential customer�s third-party energy supply
contract (contract) for electric generation service or gas supply service in
the State with an electric power supplier or a gas supplier (supplier), as
appropriate.
����� However, the bill permits a supplier to renew or
extend a contract without obtaining the express consent of the residential
customer if the renewal or extension:� (1) does not convert a fixed-price
product to a variable-price product;� (2) does not convert a contract with a
defined term length to a month-to-month or automatically renewing variable-rate
contract; (3) does not increase the contract price by more than 20 percent
above the price in effect during the final billing cycle of the existing
contract; and (4) permits the customer to cancel the renewed or extended
contract within 60 days following its effective date without any cancellation
fee, early termination fee, administrative charge, or other financial penalty.
����� The bill further requires that prior to a renewal or
extension of a contract without the express consent of the residential
customer, a supplier is to provide two written notices based on timing outlined
in the bill.� The notices are to contain information on: �(1) current pricing;
(2) proposed pricing; (3) the percentage difference between the current and
proposed pricing; (4) the customer�s right to enroll in an alternate service;
and (5) the procedure for declining the renewal or extension.
����� Under the bill, �material change� means a change to
the terms or duration of any third-party energy supply contract, including, but
not limited to, a change in price or a change to or from fixed or variable
pricing.
COMMITTEE AMENDMENTS
:
����� The committee amended the bill to:
����� (1)� define the term �supplier�;
����� (2)� permit an electric power supplier or gas supplier
to renew or extend a third party energy supply contract without the express
consent of the residential customer if: �(a) the renewed or extended contract
does not convert a fixed-price product to a variable-price product, convert a contract
to a month-to-month or automatically renewing variable-rate contract, or
increase the contract price by more than 20 percent above the price in effect
during the final billing cycle of the existing contract; and (b) the customer
is permitted to cancel a contract that was renewed or extended without the customer's
express consent within 60 days following the effective date of the renewal or
extension, and to enroll in an alternate service, without any cancellation fee,
early termination fee, administrative charge, or other financial penalty; and
����� (3)� require an electric power supplier or gas
supplier to provide two written notices, by mail or electronic notification, in
accordance with the customer's preferred method of contact, prior to the
renewal or extension of a contract without the express consent of the
residential customer:� the first no earlier than 60 days before the effective
date of the renewal or extension; and the second no more than 60 days and no
less than 30 days before the effective date of the renewal or extension.� The
notices are required to contain information on: �(a) current pricing; (b)
proposed pricing; (c) the percentage difference between the current and
proposed pricing; (d) the customer�s right to enroll in an alternate service;
and (e) the procedure for declining the renewal or extension;
����� (4)� update the bill's synopsis; and
����� (5)� make technical changes.