New Jersey Electricity Consumers Face Potential 5% Rate Hike in 2026 New Jersey electricity consumers are facing another potential rate hike in 2026, with wholesale power costs set to rise by up to 5% due to PJM's recent capacity auction results. This increase comes on top of a significant 20% rate hike already approved by state regulators this year, and will have varying impacts depending on the region. The controversy surrounding the rate hikes has led to finger-pointing between Democrats and Republicans, with politicians blaming both the grid operator (PJM) and state energy policies for the increases, while also positioning themselves as potential solutions in the upcoming gubernatorial election.

New Jersey Electricity Consumers Face Potential 5% Rate Hike in 2026 #PJM #NewJersey #ElectricityRise #PJMauction #EnergyPolicy #RateHike

There is a PJM auction happening right now! If PJM doesn’t change course NJ ratepayers could be more than $2,000 a year. Send a message to Governor Murphy thanking him for putting the pressure on!
#CleanEnergy #PJM #NJEnergy #NJGridOperator #PJMAuction

action.njlcv.org/a/pjm-reform...