Constellation Energy offers lower rates through summer program

Constellation Energy will begin mailing the electric choice offers on Friday to 1.3 million homeowners and renters

Baltimore, May 5, 2011 — Constellation Energy is offering residential electric consumers in northern and central New Jersey the opportunity to reduce their summer electricity rate by up to 10 percent.

Constellation Energy will begin mailing the electric choice offers on Friday to 1.3 million homeowners and renters in the Public Service Electric and Gas and Jersey Central Power and Light service territories in New Jersey.

The offer includes up to a $50 prepaid gift card for consumers who choose Constellation Energy as their energy provider and offers a fixed price for electric generation for the summer months (June - September), which is 10 percent lower than their utility's current summer electricity rate. The offer includes a separate fixed price for electric generation for the October - May period.

"We are pleased to offer a great summer deal on electricity savings to New Jersey consumers at a time when they face not only increased costs to keep their home cool but rising prices at the gas pump," said Kenny Matula, senior vice president of Mass Markets for Constellation Energy.

The summer electricity choice plan continues the initiative Constellation Energy began in September when it launched residential electric choice to consumers in the service territories of PSE&G and JCP&L. To date, more than 23,000 New Jersey residential consumers have signed up for Constellation Energy's electric choice plans.

PSE&G and JCP&L homeowners and renters may choose either a 12-month or 24-month pricing plan and save up to 10 percent on their June - September 2011 summer electric rates.

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