Murphy Announces $430M in Relief for Rising Electricity Rates

Gov. Phil Murphy on Thursday (6/5) unveiled a $430 million relief plan aimed at cushioning the blow for New Jersey households facing a 20% increase in electricity rates this summer.

Starting in July and running through December, the new program will provide a minimum of $100 in direct savings for every household, roughly enough to offset the expected $25 monthly increase. Lower and moderate-income households will see larger rebates of at least $250, officials said.