Understanding the Surge in New Jersey Utility Rates

New Jersey residents are feeling the burn at the meter as energy prices continue to outpace national averages. But while the numbers on your bill are clear, the reasons behind the surge are anything but simple. Janice Fuller, partner at Princeton Public Affairs Group, pulls back the curtain on the complex web of factors driving our utility rates and discusses what the future holds for New Jersey’s energy market.

Topics discussed:

• Factors that impact energy prices
• The impact of artificial intelligence on energy usage
• Explanation of PJM
• Comparison with surrounding states
• Impact of former Governor Murphy’s energy policies
• Measures that lawmakers can take

Resources:

• The Reality of the Renewable Energy Provisions of the New Jersey Energy Master Plan