New Jersey

Why is it like this in New Jersey?

New Jersey electricity bills surged roughly 20% on June 1, 2025, as PJM capacity auction prices flowed through to residential supply rates — PSE&G customers saw about $23/month added and JCP&L customers about $27/month. Governor Sherrill issued a directive to freeze future rate increases and issue bill credits, but the structural cause — the PJM capacity market — remains. At the January 2026 baseline, electricity is modestly cheaper per mile for New Jersey PHEV drivers — though the PJM-driven bill increases are structurally persistent, and further rate increases could shift the balance toward gasoline.

In the news · New Jersey

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  A 20 Percent Electric Bill Surge Tests New Jersey's Climate Goals

  Inside Climate News · May 17, 2025

  New Jersey's electricity bills jumped roughly 20% on June 1, 2025, after PJM capacity auction prices rose nearly tenfold, forcing a $430 million state relief package — a dramatic illustration of how quickly electricity's per-mile cost advantage for PHEVs can erode when grid capacity prices spike.

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  New Jersey electricity bills will go up in 2025

  WHYY · May 30, 2025

  PSE&G customers saw a 17.2% monthly bill increase and JCP&L customers a 20.2% increase starting June 1, 2025 — adding $23–$27/month to typical bills and pushing New Jersey's electricity costs to a level where gas-mode driving became cost-competitive with or cheaper than electric-mode for many PHEV owners.

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  Freeze rate hikes? What Gov. Sherrill's order means for N.J. electric bills

  WHYY · Jan 10, 2026

  Governor Sherrill directed state utility regulators to issue bill credits and slow the pace of future rate hikes after New Jersey electricity prices surged more than 40% over a single year — underscoring how expensive electric-mode per-mile costs have become for Garden State PHEV drivers.

Curated coverage of New Jersey's EV/PHEV cost, policy, and infrastructure story. External links open in a new tab.

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