HOLMDEL, New Jersey.Governor Phil Murphy’s failing clean energy program has led to a failed state energy plan that has resulted in electricity rate rises of up to 20% in New Jersey. However, one company is offering loans and guarantees that your power won’t be cut off over the summer.
After being approved by the New Jersey Board of Public Utilities, Jersey Central Power & Light (JCP&L) will begin implementing consumer assistance measures this summer to help mitigate the impact of increased energy supply costs.
Starting in July, all home electric bills for July and August will receive a $30 deferral credit from JCP&L. Customers will repay that credit over a six-month period, from September to February, by paying $10 a month during periods of lesser usage.
According to Doug Mokoid, President of FirstEnergy New Jersey, the cost of electricity supplies, which account for about 60% of a family’s bill in our service zone, has increased this summer. We are dedicated to helping customers handle these increases through new and expanded support programs, even though we have no control on supply pricing.
Additional steps include extending payment plans to allow customers to spread balances over 24 months rather than the previous 12-month maximum, waiving reconnection fees from July 1 through September 30, and temporarily suspending service shut-offs in July, August, and September for eligible customers.
Programs focus on affordability as rates increase by about 20%.
Energy efficiency incentives, home energy audits, and bill help for customers who qualify for income-eligible and medically vulnerable consumers are among JCP&L’s year-round support services. Application portals and resources are available at firstenergycorp.com/billassistandenergysavenj.com.
A combination of increasing demand and decreased generation capacity as a result of power plant retirements has raised the cost of electricity supply. As a result, average residential bills have increased by 19.6% due to the increase in Basic Generation Service (BGS) costs for consumers who do not select their own supplier. JCP&L, which just provides electricity delivery, does not mark up supplier rates before passing them on to customers.
The company provides service to about 1.1 million people in 13 counties in New Jersey, including Morris, Middlesex, Monmouth, and Ocean.
As statewide supplier cost increases cause power bills to jump by nearly 20%, JCP&L customers will benefit from $30 summer credits and more payment alternatives.
