Electricity Bill Credits, More Ratepayer Savings on Way, Sherrill Says

New Jersey ratepayers will get a credit of at least a $25 next month, with the promise of more savings to come from new laws and policy changes, Gov. Mikie Sherrill said Tuesday.

In all, 3.6 million ratepayers are due the August credit, while low-income families will receive an additional $150 through the Residential Energy Assistance Payment program, Sherrill said. Three laws she signed will reduce electricity transmission rates by $60 million, require approval for some utilities projects and force artificial intelligence data centers to pay a separate rate for power.