New Jersey’s top four electric companies, Atlantic City Electric, PSE&G, Jersey Central Power & Light, and Rockland Energy, have agreed to provide a $30 credit to customers’ bills during the state’s hottest summer months. This credit will be applied to July and August bills and must be repaid in monthly $10 increments between September and February.
The move is aimed at helping low-income households and those struggling with high utility costs. The New Jersey Board of Utilities stated that this deferral will not result in customers paying more than they originally would have. Additionally, the energy providers have agreed to refrain from shutting off power during July and August for eligible customers and waive reconnection fees.
The credit is part of a larger plan by Governor Phil Murphy’s administration to spend $430 million on subsidies for all 3.9 million ratepayers in New Jersey. Low-to-moderate income earners may receive up to $250 for their electric bills. The logistics of this plan have not yet been announced.
This move comes as energy prices in the state are projected to increase by 20% due to new rates approved during the yearly energy auction process. Last summer, many customers were affected by high bills and questioned why rates were so high. Governor Murphy had previously announced plans to expand the winter power shutoff moratorium to include summer’s hottest months.
Source: https://www.nj.com/news/2025/06/nj-knocks-60-of-electric-bills-in-time-for-summer-heat-wave-but-theres-a-catch.html