NJBPU 2022 Electricity Auction Means Stable Prices for Most Users

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The New Jersey Board of Public Utilities (NJBPU) today (2/9) approved the results of the State’s 21st annual electricity auction for Basic Generation Service (BGS), resulting in lower costs for electricity supplied to most residents and small and/or medium-sized businesses by Atlantic City Electric Company (ACE), Jersey Central Power & Light Company (JCP&L), Public Service Electric & Gas Company (PSE&G), and Rockland Electric Company (RECO), collectively, the New Jersey Electric Distribution Companies (EDCs).