TRENTON - Some Garden State residents are considering switching to third-party electric providers to save money this winter, but they are being advised to read all the fine print.
Stefanie Brand, the director of the Division of Rate Counsel, says homeowners should be sure to read whatever contracts they are signing. Brand told News 12 New Jersey that "People should be very cautious, there are large contracts, you spend a lot of money every year on electricity."
She says people need to check out the "price to compare" line of their bill, to see if the third-party companies are cheaper per kilowatt. Brand says the third-party provider will only supply electricity, not deliver it. She says delivery will still come from the wires of the utility company, who will charge as well.