New Jersey Residents To Get 100 Credit On Their Electricity Bill

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... 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.

The credits will cut power bills in September and October in the state's latest bid to address surging power prices. (Getty Images) The New Jersey Board of Public Utilities on Wednesday approved $100 utility bill credits meant to defray the impact of surging electricity prices. In a unanimous vote, the regulator’s three board members approved credits that will reduce residential monthly electricity bills by $50 in September and in October, part of state officials’ latest bid to curb energy... “This should be helpful for people, but in no way solves the problem. I hope this helps some people get over the hump.

This is a very difficult time,” said Commissioner Zenon Christodoulou. All residential ratepayers are eligible for the credits, regardless of their income. 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.” New Jerseyans will soon see much-sought-after help on their electricity bills as the state’s energy regulators on Wednesday approved a $100 subsidy to offset high energy prices that have ballooned amid intense summer heat. The New Jersey Board of Public Utilities approved the credit during a meeting on Wednesday, agency officials said.

The payment is part of a $430 million relief package Gov. Phil Murphy announced in June. The measure covers all of New Jersey’s 3.9 million customers being served by one of four of its public energy providers. Ratepayers are expected to see a $50 credit to their energy bill in September and October, NJBPU officials said. “This bill credit fulfills Gov. Murphy’s commitment to provide immediate relief to residential customers to manage capacity cost increases this summer,” NJBPU President Christine Guhl-Sadovy said Thursday.

“This is one of many ways that NJBPU is putting affordability first.” 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. New Jersey families are about to get a much-needed respite in their finances since the state has officially approved a $100 rebate on electricity bills for every consumer. The New Jersey Board of Public Utilities (NJBPU) made the announcement on Wednesday. It comes at a time when energy use and costs are greater than usual because of the hot summer weather. Governor Phil Murphy started a $430 million energy assistance program earlier this year. This is part of that program.

The program’s goal is to help people deal with the financial stress created by high energy bills that have been made worse by record-breaking heat waves across the state. Customers will instantly get the $100 credit, so residents won’t have to fill out any extra forms or apply for it. The goal of this streamlined method is to make sure that all eligible households may rapidly get the help they need without having to deal with red tape. Every residential user will get a one-time $100 credit, but state authorities have said that low-income households and other vulnerable populations will get more help. These extra funds are for families who are most likely to have trouble paying for energy. These families typically have to choose between paying for rent, groceries, or utilities.

The timing of the credit is quite important. Air conditioning systems have been operating practically nonstop since temperatures in New Jersey have been significantly above normal for this time of year. Because of this higher use, electricity rates have gone up a lot, and many households are having trouble making their payments. The New Jersey Board of Public Utilities (NJBPU) today approved the Residential Universal Bill Credit, which will provide $100 in energy bill assistance to all 3.9 million New Jersey residential ratepayers with an active... Bill credits will be applied to electricity bills starting in September and October. Residents will receive a $50 credit for each month.

The $100 bill credit concludes the NJBPU’s efforts to roll out over $430 million in direct bill relief to mitigate the spike in PJM capacity costs. 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... “Providing economic relief to our residents is critical in managing rising electric costs from the PJM cost crisis,” said Gov. 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.”

To access more business news, visit NJB News Now. Δdocument.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 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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