New Jersey residents are about to see yet another increase in their electricity bills, and if you’re tired of unpredictable utility costs, you’re not alone. The New Jersey Board of Public Utilities (BPU) recently approved rate hikes for major utility companies, including PSE&G, JCP&L, and Atlantic City Electric. These increases, set to take effect on June 1, 2025, will raise the average residential electric bill by approximately 17.23 – 20.2%, depending on the service territory:
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PSE&G: 17.23% increase (+$43.08 on a $250 bill)
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JCP&L: 20.2% increase (+$50.50 on a $250 bill)
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Atlantic City Electric: 17.23% increase (+$43.08 on a $250 bill)
But what’s driving these price hikes, and more importantly, what can you do about it?
Why Are Electric Rates Increasing Again?
The primary reason behind these rising costs is an increase in electricity supply costs. PJM Interconnection, the regional transmission organization responsible for managing the electric grid serving New Jersey and 12 other states, has faced higher wholesale energy prices. Factors such as fuel price volatility, infrastructure costs, and increased demand for electricity have contributed to these growing expenses, which are now being passed down to consumers.
Unfortunately, this isn’t a one-time occurrence. Over the past few years, New Jersey utility customers have seen consistent rate hikes, and with energy markets becoming more volatile, there’s little indication that these increases will slow down in the future.
How Can Homeowners Avoid These Rising Costs?
While utility rates continue to climb, homeowners have a powerful tool to protect themselves from these increases—solar energy. By making the switch to solar, you can achieve energy independence and significantly reduce or even eliminate your reliance on the utility grid. Here’s how:
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Lock in Your Energy Costs: Instead of being subject to unpredictable rate hikes, solar panel owners generate their own electricity, shielding them from future supply cost increases.
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Take Advantage of Incentives: New Jersey offers a variety of rebates, tax credits, and solar incentives that make installing a system more affordable than ever.
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Increase Your Home’s Value: Homes with solar panels typically have higher property values and are more attractive to buyers.
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Reduce Your Carbon Footprint: Solar energy is a clean, renewable source of power that helps reduce greenhouse gas emissions and dependence on fossil fuels.
Make the Switch to Solar with Green Sun Energy Services
If you’re tired of being at the mercy of utility companies and their constant rate hikes, now is the perfect time to explore your solar options. At Green Sun Energy Services, we offer customized solar solutions designed to help you maximize savings and achieve true energy independence.
Visit our solar purchase page to learn more: Green Sun Energy Services Solar Options
Don’t wait for the next rate increase—take control of your energy costs today!
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