Prohibits BPU from authorizing rate increases for electric and gas public utilities that charge inclining block rates for residential customers.

This bill prohibits New Jersey's Board of Public Utilities (BPU) from approving rate increases for electric and gas utilities that use "inclining block rates" for residential customers. Inclining block rates charge higher prices once a household's usage exceeds specific thresholds (e.g., higher costs for the second 100 kWh of electricity). The bill directly affects residential customers in New Jersey who currently pay these tiered rates, aiming to eliminate a rate structure the sponsor cites as outdated and not cost-reflective. The BPU must create implementing rules under state administrative procedures, and the bill takes effect immediately.