the staff of the Ridgewood blog
Trenton NJ, Senate Republican Leader Anthony M. Bucco (R-25) raised concerns about escalating energy costs and future grid reliability for New Jerseyans following the latest PJM Interconnection power auction results that showed a dramatic 800 percent increase in costs. The recent auction revealed that the cost of electricity in the PJM region—including New Jersey—will soar to $14.7 billion for the 2025/2026 delivery year, a significant jump from $2.2 billion that was announced from the previous auction in February 2023.
Continue reading More Alarm Sounds on Rising Energy Prices in the Garden State