N.J. will give residents at least $100 credit to help pay for soaring electric bill bills, Murphy says
Energy bills are projected to be around 20% higher monthly, officials have said.
N.J. will give residents at least $100 credit to help pay for soaring electric bill bills, Murphy says
- Thread starter Teegate
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Gonna give us a twenty percent increase then a hundred dollars back! he thinks we're a special kind of stupid:-(
If you don't want your $100 rebate, just send it to me. 
But seriously, I didn't read that article so I might be missing something. Is there a way that the governor could "fix" the rising cost of electricity? If so, I'm all for that, but thought it was more of a national issue.
But seriously, I didn't read that article so I might be missing something. Is there a way that the governor could "fix" the rising cost of electricity? If so, I'm all for that, but thought it was more of a national issue.
According to this article, it's been delayed, but I don't quite understand if it means the rate increases been delayed until the fall or just the payment of that rate increase which has already begun.
From the quick search I did, the rates will still increase as already planned but the utilities will spread the additional cost across multiple billing periods in the fall. Or something like that...
Since I just happened to be paying bills and balancing accounts right now, I had a quick look at my own electric bills from last summer. During Jun-Jul-Aug-Sep of 2024, I paid AC Electric $946. If we're looking at a 20% rate increase (as suggested in one article I read) that would cost $189 more this summer. So, a $100 rebate would cover over half of the increase. Better than nothing, IMO.
I don't follow NJ politics very closely and don't have much of an opinion on Murphy one way or the other. If somebody else has a better plan to control utility costs, so much the better (if it's credible).
Since I just happened to be paying bills and balancing accounts right now, I had a quick look at my own electric bills from last summer. During Jun-Jul-Aug-Sep of 2024, I paid AC Electric $946. If we're looking at a 20% rate increase (as suggested in one article I read) that would cost $189 more this summer. So, a $100 rebate would cover over half of the increase. Better than nothing, IMO.
I don't follow NJ politics very closely and don't have much of an opinion on Murphy one way or the other. If somebody else has a better plan to control utility costs, so much the better (if it's credible).
A hundred dollars of our own federal tax money is given back to us? Great. This expense will only get worse. I won't point any fingers at either party because they all are failing as wanting to fix any problems. Six major power plants have closed in New Jersey since 2017. In the same time period, approximately eighty thousand homes have been built or more? New Jersey uses more power than it makes. That is the problem. We have to buy power from other companies along the seaboard setting us up for greater expenses. I think I may have over simplified the problem? I don't know. It just seems everything is expensive anymore.
It is my understanding that all utility rate increases have to be approved by the commissioners of the NJ Board of Public Utilities. Those commissioners are generally appointed by the Governor and are, therefore, in line with the political and philosophical ideologies as the appointing Governor. As much as the Public Utilities celebrate the increase, the Board could have rejected such a prohibitively large (20%) increase.
LOL! I'm going to inspect yours when I see you next.I'll gladly return my check so Murphy can get his teeth fixed.
They ain't perfect, but they sure as s*it ain't equine!LOL! I'm going to inspect yours when I see you next.