Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The New Jersey Board of Public Utilities (NJBPU) today approved the results of the State’s 22nd annual electricity auction for Basic Generation Service (BGS), resulting in slightly higher costs for electricity supplied to most residents and small and/or medium-sized businesses by Atlantic City Electric Company (ACE), Jersey Central Power & Light Company (JCP&L), Public Service Electric & Gas Company (PSE&G), and Rockland Electric Company (RECO), collectively, the New Jersey Electric Distribution Companies (EDCs).
“The average bill is based, in part, upon the results from the last three BGS auctions. As a result, in 2023, BGS ratepayers will experience an increase in energy costs that are generally at or below the current rate of inflation,” said Joseph L. Fiordaliso, President of the New Jersey Board of Public Utilities.
The BGS auction determines, in part, the cost of electricity for most New Jersey residents and many businesses for a 12-month period starting June 1, 2023. Winning prices for all four EDCs increased compared to last year’s auction mainly due to higher energy costs and the risk of providing a fixed-price product. The average monthly BGS residential ratepayer bill is expected to increase for most customers. The average monthly bill will increase anywhere from 3.3% to 6.9%. Specifically, ratepayers supplied by PSE&G will see an average estimated bill increase of 3.3%, ratepayers supplied by JCP&L will see an average estimated bill increase of 4.8%, ratepayers supplied by ACE will see an average estimated bill increase of 4.1%, and ratepayers supplied by RECO will see average estimated bill increase of 6.9%.
Well that’s crappy news. But having moved from NYC where the per kwh rate is almost 3 times higher than what I pay now, I’ll barely even notice it, even with the car.
If it rises enough, solar may become worthwhile to look into.
Ugh. I get my budget plan updated next month. I guess I'll see the increase.
You might want to find out if one of the commercial solar farm companies is available for enrollment in your area. These enterprises constuct their solar farms on the roofs of warehouses and other large commerical buildings, and they feed the electricity that they generate into the local utility's power grid. I signed-up with Eversolar, and that gives me a 21% discount on the electric portion of my PSEG bill.
You might want to find out if one of the commercial solar farm companies is available for enrollment in your area. These enterprises constuct their solar farms on the roofs of warehouses and other large commerical buildings, and they feed the electricity that they generate into the local utility's power grid. I signed-up with Eversolar, and that gives me a 21% discount on the electric portion of my PSEG bill.
Not sure I know how that works or how I could tap into it.
Not sure I know how that works or how I could tap into it.
I was notified about the availability of a Community Solar Supplier by my Mayor's Office. If your local powers-that-be didn't make you aware of something similar in your area, it is possible that you might be able to find one by inputting your zipcode at this website:
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
