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NJ Electric Bills Are Set to Rise

February 9, 2024 |

Credit: Image by succo from Pixabay

Electric bills will rise again this June as a result of an auction overseen by state officials to acquire the power customers need to keep the lights on in their homes and businesses.

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NJ SEED: Director of the Division of Rate Counsel put it well when he said, “Ratepayers (residential and commercial) are not an unlimited bank. This is going to take away from money they can spend elsewhere.’’ That is money that could be spent on providing jobs, producing goods and services, and we are in the early stages of energy cost escalations ratepayers will have to absorb as the state’s Energy Master Plan is implemented.

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