"New Jersey's electric rates increased by 16.9% in 2025, beaten only by the District of Columbia with a 23.5% spike, while the national average was just 6.4%."
"Congressman Frank Pallone stated that PJM's proposal to avoid electric rate hikes is to cap prices for the wholesale auction of electricity, urging the Federal Energy Regulatory Commission to approve the cap."
"Republican State Sen. Declan O'Scanlon argued that blaming PJM and FERC for the rate increases does not make sense, questioning why New Jersey's increase is not on par with other states."
"Scotch Plains resident Laurie Martins expressed frustration, stating, 'I went from $71 on an equal payment plan up to $106 on an equal payment plan. The cost of living has skyrocketed.'"
New Jersey experienced a significant spike in electricity rates, increasing by 16.9% in 2025, second only to the District of Columbia. The national average increase was 6.4%. PJM Interconnection, which manages the electric grid for New Jersey, has struggled to enhance infrastructure to meet demand. Congressman Frank Pallone advocates for a price cap on wholesale electricity auctions to mitigate rate hikes. Political blame is exchanged, with Democrats criticizing the Trump administration's energy policies and Republicans pointing to Democratic decisions affecting generating plants. Ratepayers express frustration over rising costs.
Read at Cbsnews
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