Murphy Administration’s Energy Master Plan Leaves NJ Electricity Costs Spiraling Upward

the staff of the Ridgewood blog

Trenton NJ, the New Jersey Senate Republican Caucus sent a letter to NJ Board of Public Utilities (BPU) President Christine Guhl-Sadovy, demanding the BPU to prioritize reliability and affordability amid the recent electric rate hike on New Jersey residents.

Having repeatedly warned that the Murphy Administration’s Energy Master Plan would lead to higher costs for consumers, the caucus is also calling on the department to reassess its approach to future energy policies.

An excerpt from the letter reads:

“We realize part of the blame for these higher rates are due to actions undertaken by PJM, but the energy policies championed by the Murphy administration are exacerbating an already untenable situation. The Board of Public Utilities must consider affordability whenever an electric utility seeks approval for additional rate hikes.”

New Jersey is a member of the PJM grid, a multi-state grid that coordinates the generation and delivery of electricity from New Jersey to Michigan and from Illinois to North Carolina. By sharing and coordinating electricity, PJM members collectively benefit from increased redundancy in power generation and increased buying power.

“More importantly, as the BPU works on the latest version of the Energy Master Plan, the board must rethink its policies of forcing the electrification of the building and transportation sectors. Requiring more costly electric vehicles and electric heating and cooling systems when ratepayers are facing ever increasing electric rates is simply bad public policy, which will have a deleterious impact on the State’s residents and economy.”

“The impact of these recent rate increases on New Jersey residents cannot be overstated. We have repeatedly warned the administration its detrimental energy policies would lead to higher electric costs for consumers.”

 

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