Addressing Electricity Prices in New Jersey
During the gubernatorial election cycle, utility costs have been a highly discussed issue. Both Mikie Sherrill, the Democratic nominee, and Jack Ciattarelli, the Republican candidate, have proposed plans to reduce electricity prices for residents.
At the beginning of summer, electricity prices in New Jersey skyrocketed due to a 17% to 20% increase in utility rates. This increase was caused by higher electricity auction prices resulting from greater demand and lower supply. The state's Board of Public Utilities approved these rate hikes in February.
Many state officials have blamed PJM Interconnection, the regional energy grid operator, for the rate hikes.
No specific quotes are available from the candidates.
Author's summary: Candidates propose plans to reduce electricity prices.
- Mikie Sherrill: Democratic nominee with a plan to save residents money
- Jack Ciattarelli: Republican candidate with a plan to address electricity prices
More News
- Satish Shah, Veteran Actor and Comedy Icon, Passes Away at 7
- People of Purpose: How Issa Fathima’s Community Fridge Transformed Food Waste Into Everyday Dignity - The Logical Indian
- Lakers’ Jaxson Hayes sits out against Timberwolves
- Satish Shah, Sarabhai vs Sarabhai's Beloved Indravadan, Dies At 74
- CUNNINGHAM: Jeff Landry's Favorability Is Underwater in His Own Backyard
- People Drive From Across Texas For This All-You-Can-Eat Seafood Restaurants
- The electric Porsche Cayenne has a battery cooling system as powerful as 100 fridges
- 6 Restaurant Chains Serving the Best Fall-Off-the-Bone Ribs in America