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NJ Approve $100 Energy Credit and Governor Signs Bills - New Jersey is giving $100 bill credits and auditing PJM’s pricing model, but without deeper reforms, families still face rising energy costs long after the credits run out.
All eyes are on PJM Interconnection.
New Jersey residents are seeing higher power bills this summer. To ease the pain, the state just approved $100 credits for 3.9 million households. That’s $50 in September and $50 in October. Low-income families will get an extra $175, spread out in $25 monthly installments through February 2026.
But here’s the problem: credits are temporary. They don’t touch the underlying math of compounding rate hikes. If bills keep rising year after year—as many forecasts show—this $100 is a drop in the bucket. Families may barely notice it once the next increase lands.
Meanwhile, Gov. Murphy signed two new laws targeting PJM Interconnection, the regional grid operator being blamed for inflated capacity auction costs:
The truth is: none of these measures lowers today’s bills—or tomorrow’s. They don’t change the cost trajectory for ratepayers in 2027 when the $100 credit is long gone.
NJ’s approach is a two-pronged strategy: short-term optics and long-term audits. But what’s missing is structural reform—policies and market fixes that actually reduce costs instead of papering them over.
The question New Jersey families are asking is simple: Will my bills go down? So far, the answer looks like “no.”
https://njbiz.com/new-jersey-energy-credit-pjm-reform-2025/
https://www.publicpower.org/periodical/article/new-jersey-governor-signs-bills-law-tied-pjm