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New Jersey Residential Electric Migration Growth Slows in August
September 29, 2011
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The number of customers switching to a third party electric supplier in New Jersey during the month of August slowed versus the growth seen in July, according to the newly posted August migration statistics.
The BPU's stats may be found here and include accounts and load migrated (the link is active as of this story's writing, but Matters notes the link uses 07 rather than 08 for the .pdf filename, and it may later be changed).
A comparison by Matters of accounts migrated in August 2011 versus July 2011 can be found here.
From July to August, PSE&G saw residential migration increase by 5,400 accounts, down from growth of 7,300 accounts in July, and 6,800 in June.
At Jersey Central Power & Light, residential migration growth from July to August was 5,000 accounts, down from 5,500 accounts in July and 7,200 accounts in June.
Atlantic City Electric saw the monthly migration growth in residential accounts slow to 1,700 accounts from July to August, versus 3,000 accounts from June to July, and 2,700 from May to June.
The strong monthly growth in commercial <500 kW migration seen during July also subsided to an extent during August, though the August growth was still ahead of growth in June.
Specifically, at PSE&G, migration growth in the <500 kW commercial class was 2,000 accounts for August, versus 4,000 for July. At JCPL, migration growth in the <500 kW commercial class was 1,250 accounts for August, versus 2,100 for July.
As a percentage of total residential accounts, migration for the month of July 2011 was as follows:
Atlantic City Electric: 12.3%
Jersey Central Power & Light: 11.4%
Public Service Electric & Gas: 6.8%
Rockland Electric: 5.2%
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