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Due To Flawed PJM Market Rules, Electric Utilities Ordered To File Proposals To Mitigate Residential Bill Impacts During Summer Months
{***}”The Board is responsible for ensuring that all regulated utility rates are just and reasonable. 2 While the auction results were certified as consistent with market conditions, the Board remains concerned about the total bill impact starting June 1, 2025, particularly for residential customers. As such, the Board HEREBY ORDERS the EDCs to file petitions with the Board providing distribution side proposals to mitigate bill impacts to residential customers during high usage summer months. The proposals shall include, but not be limited to, proposals to defer those impacts, and shall include supporting calculations. The Board FURTHER DIRECTS the EDCs to file the petitions on or before May 5, 2025.”
In a press release the New Jersey Board of Public Utilities explained the following:
“Despite big-picture concerns with the electricity market, my Administration is focused on immediate solutions to the PJM cost crisis and doing everything in our power to offer relief to families and businesses, including working with our EDC partners to provide plans to ease costs,” said Governor Phil Murphy.
“Today’s actions ordering the EDCs to develop cost mitigation plans demonstrate the Board’s commitment to helping manage costs and put affordability within reach for more families,” said NJBPU President Christine Guhl-Sadovy. “While some progress has been made by PJM to fix its flawed market rules, more remains to be done, and the pace of positive change is not swift enough to benefit electric customers facing rising rates.”
Guhl-Sadovy continued, “While we continue to advocate with the Governor at PJM and the Federal Energy Regulatory Commission, the Board is here to help as we are exploring all options to mitigate the shock of the PJM-related cost increases that go into effect June 1.
Order (04/23/2025)
(In The Matter Of The New Jersey Board Of Public Utilities’ Consideration Of Electric Rate Impacts Beginning June 1, 2025)
