Electric Bill Relief What New Jerseyans Need To Know

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.

Utilities Commit to Comprehensive Effort to Mitigate Rate Impacts This Summer TRENTON - The New Jersey Board of Public Utilities (NJBPU) today approved stipulations with New Jersey’s four electric distribution companies (EDCs): Public Service Electric and Gas (PSE&G), Jersey Central Power and Light (JCP&L), Atlantic... The residential cost mitigation plans will include interest-free rate deferral for all investor-owned utility residential electric customers. “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... “My Administration is focused on immediate solutions despite big-picture concerns, and we are going to continue working with our EDC partners to offer relief to families and businesses struggling to afford increased utility costs.” "Affordability is always top of mind for the NJBPU, and today's actions prove that we are here to help," said Christine Guhl-Sadovy, President, NJBPU.

"I want to thank New Jersey's electric utilities for their good faith efforts to help improve the ratepayer experience this summer amidst the PJM-driven cost increases and ensure we are doing all we can... The utility mitigation plans are just another tool at our disposal to help ratepayers in the short-term, on top of the historic relief announced earlier this month and ensure people don't need to choose... The agreement from the EDCs includes two automatic $30 bill reductions during high usage months of July and August. The $60 of deferred costs will be recovered monthly on customer bills over the following six months, from September to February. The deferral will reduce electricity bills in peak summer months, helping to smooth out the additional costs of supply-related rate increases. The deferral will not cause customers to pay more than what they would have originally paid.

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. 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 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, Governor Phil Murphy announced in Newark on... 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 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. Subscribe to the Trenton Journal newsletter and get our most current content delivered right to your inbox, for free! “As households across New Jersey begin to crank up the air conditioning and plug in their fans to stay cool in the summer heat, we know there is one concern that is top of... NJBIZ 2025 Construction & Development Panel Discussion

On June 5, 2025, Gov. Phil Murphy was joined by other state officials – including Assembly Speaker Craig Coughlin, Senate President Nick Scutari, and New Jersey Board of Public Utilities President Christine Guhl-Sadovy – to announce energy bill relief... - PROVIDED BY RICH HUNDLEY III/NJ GOVERNOR'S OFFICE NJ offers $430M in energy relief after rate hike On June 5, 2025, Gov. Phil Murphy was joined by other state officials – including Assembly Speaker Craig Coughlin, Senate President Nick Scutari, and New Jersey Board of Public Utilities President Christine Guhl-Sadovy – to announce energy bill relief...

- PROVIDED BY RICH HUNDLEY III/NJ GOVERNOR'S OFFICE As Garden State ratepayers face a 20% increase on utility bills post-June 1, state leaders announced a new effort to provide relief to New Jersey households. With supercharged electric costs bearing down on New Jersey households, Gov. Phil Murphy Thursday announced a plan in which the state government would provide $430 million with “direct economic relief” to New Jersey energy customers. New Jersey ratepayers are facing electric bills that are as much as 20% higher than they were one year ago. The administration’s website said all 3.9 million ratepayers in New Jersey will receive at least $100 in direct relief, while eligible low-to-moderate income (LMI) New Jerseyans will see at least $150 more deducted from...

“This initiative reflects our administration’s broader and enduring commitment to making New Jersey more affordable for more families,” Murphy said. “From housing to health care to higher education and, of course, today’s topic, to utilities.” The prospect of higher electricity costs has angered many in the state who blame the governor’s energy plan for driving up costs. The governor puts much of the responsibility for higher rate costs on PJM Interconnection, the regional energy grid operator. The program for low and moderate income households will provide $150 in relief spread across bills from July through December, while everyone — including those receiving the $150 — will get $100 in “one... More specifics about the initiative will be revealed in the next few weeks, according to Murphy.

New Jersey has been one of the states hardest hit by escalating energy costs in the last few years. While the National Average Energy Prices have increased 13 percent since 2022, the second-highest average rate increases are in Mid-Atlantic States such as New Jersey (19%). In just the last two years, NJ Residents have seen a cumulative average increase of 29 percent to their electric bills. The energy price increases have instigated state and national politicians to demand answers from the Energy Companies for why this is happening. A couple of weeks ago, New Jersey Governor Phil Murphy announced that all 3.9 million ratepayers in The Garden State will have at least $100 deducted from their monthly Electric Bill starting in July. Now, the NJ Board of Public Utilities is taking further steps to offset electric bill costs this summer.

The New Jersey Board of Public Utilities (NJBPU) has approved two avenues to help ratepayers in the state save money on their electric bills in 2025. The NJBPU has reached an agreement with New Jersey's four electric providers to offset costs passed along to state residents during the peak summer months of July and August. There will be two $30 bill reductions that will be automatically applied in those two summer months. There are three things guaranteed in life: death, taxes, and high electric bills in August, at least for New Jerseyans. In an effort to combat the high energy costs during the Garden State’s hottest season of the year, state lawmakers recently approved a bill that will grant residents a $100 credit on their September... Read on for what to know about the Residential Universal Bill Credit and what this means for New Jersey residents.

On Wednesday, August 13th, the New Jersey Board of Public Utilities (NJBPU) approved a bill aiming to provide energy bill assistance to Garden State residents during one of the hottest summer seasons. Read More: NYC Landlords Now Have to Pay Broker Fees: Will Hoboken Follow Suit? As part of a $430 million relief package, the Residential Universal Bill Credit, which impacts approximately 3.9 million New Jersey residential ratepayers, according to a press release shared by the NJBPU, will provide $100... Bill credits will be applied to all eligible residents’ electricity bills this coming September and October. Residents can expect a $50 credit for each month.

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