Major Announcement As NJ Braces For Large Increase In Electric Rates | Across New Jersey, NJ Patch
- Gov. Phil Murphy’s announcement comes less than a month before a statewide rate hike scheduled to begin on June 1.
Megan VerHelst, Patch StaffVerified Patch Staff Badge
Posted Wed, May 14, 2025 at 10:36 am ET Updated Wed, May 14, 2025 at 12:36 pm ET
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NEW JERSEY — Gov. Phil Murphy unveiled a series of executive actions on Wednesday that he said will help New Jersey residents manage electric costs ahead of a rate hike scheduled to begin on June 1.
The announcement comes two weeks after the state Board of Public Utilities (BPU) said it would require New Jersey’s four electric utility companies — Atlantic City Electric, PSE&G, Jersey Central Power & Light and Rockland Energy — to come up with plans to mitigate overall bill impacts to residential customers during high usage summer months.
The state also asked the utility companies to defer rate increases until later in the year during lower-usage months, as well as identify other opportunities to stabilize rates and provide cost-saving opportunities wherever possible.
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20% increase thanks to the Pepuls Republik of Nu Jerzee Gooferment.
Argh!
One can only hope that the politicians and bureaucrats responsible for this and their “green energy” policies get swept out of power.
Argh!
Why don’t we have competition in energy?
Clearly, the BPU ain’t looking out for the consumer.
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