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New Jersey Utility Bills Soar Amid Energy Race

8/27/2025

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Summary

Story summary

New Jersey's utility bills have risen by 13.3%, coinciding with a gubernatorial race centered on energy concerns.
Increased capacity prices from PJM auctions, fueled by data center demand, may exacerbate the issue.
Analysts recommend auction reforms to facilitate new capacity development and lower homeowner costs.
Lawmakers are evaluating options for utilities to invest in new power plants and alternatives to the capacity auction.

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Story summary

New Jersey's utility bills have risen by 13.3%, coinciding with a gubernatorial race centered on energy concerns.
Increased capacity prices from PJM auctions, fueled by data center demand, may exacerbate the issue.
Analysts recommend auction reforms to facilitate new capacity development and lower homeowner costs.
Lawmakers are evaluating options for utilities to invest in new power plants and alternatives to the capacity auction.