WOND News

NJ Utilities Costs

The state Board of Public Utilities is requiring New Jersey’s four electricity utilities to submit proposals to defer rate increases expected to begin June 1 until later in the year, to reduce their immediate impact.The increases in the supply portion of customers’ bills, anticipated to be in the 17% to 20% range, are the result of a power capacity auction held last year by PJM Interconnection, the electricity grid operator for all or parts of 13 states, including New Jersey, and the District of Columbia.

Exit mobile version