NEWARK — New Jersey households, newly burdened with higher electricity costs, will receive $100 to $250 credits from the state, parceled over six months, to help pay the bills, Gov. Phil Murphy announced Thursday in Newark.
Typical households will receive $16.60 per month from July-December. Low- and moderate-income households will receive $41.60 per month.
The initiative comes after the average residential electricity bill rose by about $20 a month starting June 1. That’s the result of higher prices at an annual energy supply auction by PJM Interconnection, a regional wholesaler to local utilities. PJM has said the grid is under pressure from sources including energy-hungry artificial intelligence data centers and renewed domestic manufacturing.
“As households across New Jersey begin t