Electric Bill Relief Is On The Way For New Jersey Residents 6abc
TRENTON, N.J. (WPVI) -- Electric bill relief is on the way for New Jersey residents. The State Board of Public Utilities deemed it necessary following a sharp increase in electricity costs and record-high temperatures. Customers with Atlantic City Electric, Jersey Central Power and Light and PSE&G will all get $100 credits. They will be applied to bills for September and October at $50 each. The state says low-income households will also receive an additional $25 monthly credit through February of 2026.
Relief is finally on the horizon for New Jersey residents who have been hit hard by rising energy costs. Following one of the hottest summers on record and a sharp jump in electricity rates, the New Jersey Board of Public Utilities (NJBPU) has approved credits that will appear directly on customer bills. Starting in September, customers of PSE&G, Jersey Central Power & Light, and Atlantic City Electric will notice a break on their statements. Each household will receive $50 off in September and another $50 in October, automatically applied without the need for enrollment or paperwork. For families who already qualify as low-income, additional help is on the way. These households will continue receiving an extra $25 credit every month through February 2026, giving them nearly two more years of steady support.
“Providing economic relief to our residents is critical in managing rising electric costs from the PJM cost crisis,” Governor Phil Murphy said in a press release last Thursday. “My administration is furthering our commitment to affordability for our residential ratepayers by providing direct assistance to lower the monthly cost of energy bills. No New Jerseyan should fear losing electricity, and we will continue to work with BPU to ensure necessary action is taken to combat untenable energy bills for families and businesses.” The state says the move was necessary after a spike in PJM capacity costs, a key factor in determining how much residents pay for electricity. Those costs landed at the worst possible time: during a summer of relentless heat waves, when air conditioners were running nonstop and demand on the grid was at its peak. TRENTON—The New Jersey Board of Public Utilities (NJBPU) approved the Residential Universal Bill Credit, which provides direct $100 in energy bill assistance to all 3.9 million New Jersey residential ratepayers with an active electric...
Bill credits will be applied to electricity bills starting in September and October. Residents will receive a $50 credit for each month. "Providing economic relief to our residents is critical in managing rising electric costs from the PJM cost crisis," said Governor Phil Murphy. "My administration is furthering our commitment to affordability for our residential ratepayers by providing direct assistance to lower the monthly cost of energy bills. No New Jerseyan should fear losing electricity, and we will continue to work with BPU to ensure necessary action is taken to combat untenable energy bills for families and businesses." “This bill credit fulfills Governor Murphy’s commitment to provide immediate relief to residential customers to manage capacity cost increases this summer,” said NJBPU President Christine Guhl-Sadovy.
“This is one of many ways that NJBPU is putting affordability first. Over $430 million in direct assistance to nearly every residential ratepayer is a key tool to help ratepayers in the short-term, while we work to bring more electricity online which will lower costs for... The $100 residential universal bill credit concludes the NJBPU’s efforts to roll out over $430 million in historic direct bill relief to mitigate the spike in PJM capacity costs, the timing of which coincides... The first portion of the $430 million relief package was REAP, which was recently approved by the Board and will provide an additional $175 in direct relief on top of the $100 credit approved... Energy usage is a primary driver of utility bills, and reducing your usage offers an immediate opportunity for ratepayers to save money. If you or someone you know needs assistance now or may in the future, do not wait to contact your utility or the NJBPU to learn about the many ways to lower your bill...
New Jersey residents are getting another electric bill break following the sharp uptick in electricity costs. On Wednesday, the New Jersey Board of Public Utilities (BPU) approved providing all New Jersey electric customers with $100 in bill credits this fall. The credits apply to customers of Atlantic City Electric (ACE), PSE&G, Jersey Central Power & Light (JCP&L), and Rockland Electric Company (RECO), and no action is required from account holders. According to the BPU, the one bill credit of $50 will be applied in September, and another $50 bill credit will be applied in October. "Providing economic relief to our residents is critical in managing rising electric costs from the PJM cost crisis," said Governor Phil Murphy. "My administration is furthering our commitment to affordability for our residential ratepayers by providing direct assistance to lower the monthly cost of energy bills.
No New Jerseyan should fear losing electricity, and we will continue to work with BPU to ensure necessary action is taken to combat untenable energy bills for families and businesses." The initiative comes after the board authorized two $30 electric bill breaks for July and August, which will be “recovered without interest from September through February.” All New Jersey electric customers will receive “direct relief” to help deal with soaring soaring electric bills as the warmer months return, Gov. Phil Murphy announced Thursday at a press conference in Newark. The governor said the state will spend $430 million to subsidize the relief to all of New Jersey’s 3.9 million ratepayers, with most customers getting $100. Low-to-moderate income earners may get up to $250 for their electric bills.
Murphy said he is providing the relief to help spare New Jersey electric customers from alarmingly high bills due to recent rate hikes as scorching temperatures are likely to put a stronger demand on... Last summer, many customers were distraught over abnormally high bills, questioning methods for measuring electric use. “Today, we are coming together to provide critical economic relief to the people of New Jersey by directly lowering the cost of their monthly energy bills,” Murphy said. Murphy said the aid would be distributed as a credit on customer’s electric bills, but he did not have further specifics, except that some customers would likely receive the subsidy in either September or... New Jerseyans will get a break on their electric bills this summer when the heat is sweltering and the air conditioners are straining to keep homes and businesses cool. However, most residents will still be on the hook later this year.
On Wednesday, the New Jersey Board of Public Utilities approved a deferral program and several other measures to help people deal with recent massive rate hikes — bills went up by nearly 20% on... The deferral includes customers of the four major utilities in New Jersey: JCP&L, PSE&G, Atlantic City Electric, and Rockland Electric Company. “I am grateful to our electric distribution companies for coming to the table to provide plans to ease costs for consumers and committing to being part of the solution to the current utility cost... Phil Murphy said. In recent years, electric bills in New Jersey have steadily climbed, driven by a mix of rising energy supply costs, higher demand, and infrastructure upgrades. Utilities have faced increased expenses for purchasing power and maintaining the grid, and those costs have been passed on to customers.
Seasonal spikes, especially during extreme heat or cold, have also contributed to larger bills, as households use more electricity for cooling or heating. For many residents, these increases have made monthly energy costs a growing strain on household budgets. It's not a crazy amount of "relief," but something is better than nothing. Lawmakers announced this week that New Jersey residents will see a slight break on their electric bills this fall to help offset costs from the summer, when air conditioning can significantly increase their electric... Read More: According to New Data: 2 NJ Towns Make List of Fastest-Growing Retirement Hotspots According to a recent Patch article, "The NJ Board of Public Utilities deemed the relief necessary following an increase in electric bill costs and record-high temperatures."
New Jersey Governor Phil Murphy, along with Senate President Nick Scutari and Assembly Speaker Craig Coughlin, has announced a $430 million relief package aimed at reducing energy costs for residents across the state. The initiative comes as utility rate increases—effective June 1, 2025—are expected to raise electricity bills by approximately 20% compared to last year, driven by record-high wholesale prices. The relief package will provide all 3.9 million electric ratepayers in New Jersey with a minimum of $100 in direct bill credits. Additionally, low- and moderate-income (LMI) households will receive at least $150 more in targeted assistance. Funding for the credits will come from the Clean Energy Fund, proceeds from the Regional Greenhouse Gas Initiative (RGGI), and the Solar Alternative Compliance Payment account. State officials characterized the relief as a necessary response to sudden and significant increases in utility rates following a capacity auction managed by regional grid operator PJM Interconnection.
Critics of PJM argue that poor planning and delays in approving new renewable energy projects contributed to the spike in electricity costs. In addition to providing immediate assistance, the administration and legislative leaders pledged to pursue long-term reforms. These include strengthening oversight of PJM’s market operations, accelerating the integration of renewable energy sources, and increasing New Jersey’s in-state energy production. This year, New Jersey surpassed 5 gigawatts of installed solar capacity, enough to power approximately 750,000 homes. The announcement follows a request by Governor Murphy in April for the Federal Energy Regulatory Commission (FERC) to investigate potential market manipulation in PJM’s capacity auction and to expedite approvals for clean energy projects...
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TRENTON, N.J. (WPVI) -- Electric Bill Relief Is On The
TRENTON, N.J. (WPVI) -- Electric bill relief is on the way for New Jersey residents. The State Board of Public Utilities deemed it necessary following a sharp increase in electricity costs and record-high temperatures. Customers with Atlantic City Electric, Jersey Central Power and Light and PSE&G will all get $100 credits. They will be applied to bills for September and October at $50 each. The s...
Relief Is Finally On The Horizon For New Jersey Residents
Relief is finally on the horizon for New Jersey residents who have been hit hard by rising energy costs. Following one of the hottest summers on record and a sharp jump in electricity rates, the New Jersey Board of Public Utilities (NJBPU) has approved credits that will appear directly on customer bills. Starting in September, customers of PSE&G, Jersey Central Power & Light, and Atlantic City Ele...
“Providing Economic Relief To Our Residents Is Critical In Managing
“Providing economic relief to our residents is critical in managing rising electric costs from the PJM cost crisis,” Governor Phil Murphy said in a press release last Thursday. “My administration is furthering our commitment to affordability for our residential ratepayers by providing direct assistance to lower the monthly cost of energy bills. No New Jerseyan should fear losing electricity, and w...
Bill Credits Will Be Applied To Electricity Bills Starting In
Bill credits will be applied to electricity bills starting in September and October. Residents will receive a $50 credit for each month. "Providing economic relief to our residents is critical in managing rising electric costs from the PJM cost crisis," said Governor Phil Murphy. "My administration is furthering our commitment to affordability for our residential ratepayers by providing direct ass...
“This Is One Of Many Ways That NJBPU Is Putting
“This is one of many ways that NJBPU is putting affordability first. Over $430 million in direct assistance to nearly every residential ratepayer is a key tool to help ratepayers in the short-term, while we work to bring more electricity online which will lower costs for... The $100 residential universal bill credit concludes the NJBPU’s efforts to roll out over $430 million in historic direct bil...