Electric shock for New Jersey as residents face 20% jump in power bills from June

TRENTON, NJ – New Jersey households were hit with a 20% spike in electricity bills starting June 1, with average monthly costs rising by $20 to $30 due to a mix of strained power supply, surging demand, policy decisions, and delays in renewable energy infrastructure across the state.

The increase applies primarily to the supply portion of utility bills and impacts customers of major providers including PSE&G, JCP&L, Atlantic City Electric, and Rockland Electric.

The rate hike stems from the state’s Basic Generation Service (BGS) auction held in February, where utilities locked in higher wholesale electricity prices caused by tightening supply and regional demand surges.

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