House members seek answers from grid operator as rate-setting electricity auction begins

House members seek answers from grid operator as rate-setting electricity auction begins

New Jersey's grid operator is hosting a new auction that could affect future utility rates. Last year's auction helped contribute to a big spike starting in June. (Dana DiFilippo | New Jersey Monitor)As the company that operates New Jersey’s grid begins a new electricity auction that will help set rates for future utility bills, a group of House members say they want to avoid a repeat of last year’s auction results that led to skyrocketing elect…