“The board said because of the auction’s outcome, electric bills for most customers serviced by the state’s four large companies will jump on an average by $20.”
”The increase in electric bills is making affordability in the state even more elusive, Chris Widelo, state director of AARP New Jersey, said.
‘We are hearing from our members around the state who are struggling with utility bills that are becoming more and more unaffordable,’ he said. ‘More can and must be done to mitigate the financial strain caused by sky rocketing bills to protect the health and safety of all residents.'”
”Shields said energy policy is a major factor contributing to the supply crunch. Murphy issued an executive order in 2023 to make electricity production in New Jersey fossil-free by 2035. The governor wants that goal codified in state law.
Shields referred to initiatives like phasing out fossil-fuel powered plants in the state Constitution and other decarbonization policies that have reduced the amount of electricity available.”
Read the full story at NJ Spotlight: www.njspotlightnews.org/2025/03/nj-politicians-react-as-nj-electric-rate-increase-due-june-1
