Electricity Bill Credits, More Ratepayer Savings on Way, Sherrill Says

July 8, 2026 | njspotlightnews.org

New Jersey ratepayers will get a credit of at least a $25 next month, with the promise of more savings to come from new laws and policy changes, Gov. Mikie Sherrill said Tuesday. 

In all, 3.6 million ratepayers are due the August credit, while low-income families will receive an additional $150 through the Residential Energy Assistance Payment program, Sherrill said. Three laws she signed will reduce electricity transmission rates by $60 million, require approval for some utilities projects and force artificial intelligence data centers to pay a separate rate for power.

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NJ SEED: The Sherrill Administration deserves credit for efforts to ease the energy cost burden on Garden State residents. The state’s long history of failing to adequately dealing with the future energy needs greater attention from the legislature and the BPU.