New Jersey and five other states want the regional power grid operator to keep price caps in place to prevent even larger spikes in electricity prices.According to the Press of Atlantic City New Jersey Gov. Phil Murphy joined the governors of Pennsylvania, Delaware, Maryland, Illinois and Virginia in writing to PJM Interconnection, asking the grid operator to extend a price cap that would prevent rates from “increasing exponentially in 2026.”The move comes after electricity rates increased by 20% this year in New Jersey, with an unspecified additional increase expected next year.The current price is capped at $329 per megawatt-day.