New Jersey Market Archives

In the Wake of Isaias, Utilities Offer Reimbursements to Customers

18 August, 2020

Following Tropical Storm Isaias, residents of New York and New Jersey experienced widespread power outages. While many people are already facing hardships due to the COVID-19 crisis, utilities faced severe criticism for slow responses in power restoration. Typically utilities will not pay claims for loss due to power outage; however, at this time, PSEG and … Read more

Electric bills will increase more than 4% this year following Con Ed rate hike approval

16 January, 2020

By: Ryan Deffenbaugh | New Yorkers will soon be paying more for their electric and gas bills. A plan from Consolidated Edison to raise rates on electric and gas over the next years was approved Thursday by the state Public Service Commission, despite the protests of environmental and consumer groups. Monthly bills for a typical … Read more

How long should your electricity contract last?

25 April, 2019

By: Augusta Free Press | A lot of decisions can go to determining the cost of your power bill. From the appliances that you have within your home to the type of electricity provider that you choose, you are in control of how much you can spend on electricity bills monthly. However, one aspect that … Read more

JCP&L plan for reliability improvements will cost you less

24 April, 2019

By: David P. Willis | Jersey Central Power & Light wanted to spend an extra $387 million to improve its distribution network and cut down on power outages, including removing more trees that can become entangled in wires. On Tuesday, the utility said it agreed to spend a smaller amount, $97 million, on the project called JCP&L Reliability … Read more

JCP&L overcharged him for 24 years, but the law says they don’t have to pay it all back. So they won’t.

10 August, 2018

By: Amanda Hoover | For 24 years, John Regina was a model JCP&L customer. He says he paid his bill on time each month — all 288 of them. But something always seemed off, and he says he repeatedly complained to JCP&L. The bill just seemed too steep for a man living alone in a townhouse in Bedminster. Regina … Read more

FERC rejects PJM capacity market reform proposals, seeks quick resolution

2 July, 2018

In a 3-2 decision that drew sharp dissent from two commissioners, the Federal Energy Regulatory Commission late Friday rejected both of PJM Interconnection’s proposals to address failures in its capacity markets due to state subsidies supporting preferred generation resources. Whether to add more renewable energy or to keep struggling emissions-free nuclear online, many states are increasingly … Read more

Atlantic City Electric seeks 8.25 percent rate increase

18 June, 2018

By: Michelle Brunetti | The average Atlantic City Electric customer would pay $10.66 more per month if the state Board of Public Utilities approves the company’s request for an 8.25 percent rate increase. The utility is seeking an extra $99.7 million per year from its 550,000 ratepayers in South Jersey to pay for ongoing modernization … Read more

Capacity prices nearly double in largest U.S. power market

24 May, 2018

By: Jeffrey Tomich | The cost of ensuring adequate available generation in the nation’s largest power market surged as power plant operators raised offer prices to offset lower energy revenues and fewer new natural gas plants coming online. PJM Interconnection yesterday said clearing prices for capacity across much of its 13-state footprint nearly doubled to … Read more