Gov. Murphy’s Climate Obsession Caused New Jersey Electric Rates to Soar
Shutting reliable plants and chasing costly wind and solar has driven the Garden State’s power prices through the roof.
by Paul H. Tice August 13, 2025, 8:41 AM
Despite flat electricity demand for the past two decades—and some of the lowest energy usage per capita among the 50 states—New Jersey residents pay some of the highest retail power prices in the country. [emphasis, links added]
As of April 2025, the Garden State ranked No. 12 in the nation, with prices more than 15% above the U.S. average.
This gap has widened further in the wake of the recent decision by the New Jersey Board of Public Utilities to approve an additional 17% to 20% rate increase for most utility customers starting in June.
A decade ago, the outlook for New Jersey electricity prices was much brighter. The state was adding natural-gas generation capacity to take advantage of abundant, low-cost Marcellus Shale gas located next door in Pennsylvania.
https://climatechangedispatch.com/murphy-climate-new-jersey-electric-rates/
