Isn’t this just swell… going to make a lot of people unhappy:
Get ready, New Jersey. You’re going to feel a proverbial electric shock when you crack open your electric bill this summer, judging by the results of the state’s annual wholesale electricity auction.
Monthly electric bills will see increases that range from 17.23% for Atlantic City Electric customers to a 20.2% increase for Jersey Central Power & Light customers, the BPU said Wednesday.
Here are the increases for the state’s four electric utilities, assuming an average use of 650 kilowatts a month:
Atlantic City Electric customers' bills will rise by $28.02, or 17.23%, to $190.62.
Jersey Central Power & Light bills will go up by $22.67, or 20.2%, to $134.92.
PSE&G bills will rise by $26.87, or 17.24%, reaching $182.71.
Rockland Electric, which services the far northern portion of the state, will see an increase of $25.48, or 18.18%, to $165.64.