also tonight just in time for the heat wave the state's largest utility companies have a plan to cut the cost of your electric bills on Wednesday the Board of Public Utilities approved a plan to defer a total of 60 bucks from bills for July and August but as with most things there is a catch customers will have to pay that money back in $10 installments between September and February when energy use is typically lower the plan includes customers who use PSENG AC Electric Jersey Central Power and Light and Rockland Energy the company's also pledged to extend separate bill credits for lowincome customers wave reconnection fees and extend shut off protections that are normally only used during the winter to instead July August and September it comes as the state is dealing with soaring energy prices that are causing the average electric bill to spike about 20% governor Murphy also announced a plan that'll offer most rateayers about $100 in relief money but the details still aren't yet worked out