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New Jersey's Electricity Rates Surge 20% Amid AI Boom

6/1/2025

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Summary

Story summary

New Jersey faces a staggering 20% hike in electricity rates starting June 1, fueled by soaring demand from AI data centers. Governor Murphy and officials point fingers at PJM for stalling new energy projects, while critics highlight the state's dependence on out-of-state energy and sluggish clean energy efforts, leaving consumers to bear the brunt of the crisis.

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Story summary

New Jersey faces a staggering 20% hike in electricity rates starting June 1, fueled by soaring demand from AI data centers. Governor Murphy and officials point fingers at PJM for stalling new energy projects, while critics highlight the state's dependence on out-of-state energy and sluggish clean energy efforts, leaving consumers to bear the brunt of the crisis.