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NJ Electric Bills Soar: Why You're Paying More

NJ Electric Bills Soar: Why You're Paying More

Published 2 days, 13 hours ago
Description

New Jersey residents are facing higher electric bills due to a significant increase in the baseline price of electricity last year, which has not yet decreased despite reduced usage. The states energy market reset led to a 17-20% increase in electricity supply rates, passed on to consumers. Additionally, rising demand from big energy users and infrastructure costs contribute to the higher prices. A printing error caused some Atlantic City Electric customers to receive inflated bills, but overall, elevated bills are a reality as summer demand is set to surge.

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