Murphy Unveils Plan for Ratepayer Relief

Governor Phil Murphy, Senate President Nick Scutari, and Assembly Speaker Craig Coughlin today announced over $430 million in direct relief to lower the cost of energy bills. This comes in anticipation of the utility rate increase that took effect on June 1, 2025, as New Jersey ratepayers face record high wholesale electric prices which will hit customers with bills 20% higher than they were one year ago.

All 3.9 million ratepayers in New Jersey will receive at least $100 in direct relief, while eligible low-to-moderate income (LMI) New Jerseyans will see at least $150 more deducted from their energy bills.

These credits are funded by the Clean Energy Fund, the Board of Public Utilities’ allocation of Regional Greenhouse Gas Initiative (RGGI) proceeds, and the Solar Alternative…