Murphy Announces $430M in Relief for Rising Electricity Rates

FL Enviro Orgs Call on PSC to Side with Community as FPL Hearings End

Today wraps up the last of the limited in-district hearings held by the Public Service Commission (PSC) regarding Florida Power & Light’s (FPL) controversial near-$10 billion rate hike request. If approved, FPL customers would pay at least $200 more annually for basic electricity, and FPL would gain a return on equity of 11.9% — well over the national industry average of 9.6%. The PSC is expected to announce their decision to approve or deny FPL…

Murphy announces $430M in relief for rising electricity rates

Lower and moderate-income households will see at least $250 rebates The post Murphy announces $430M in relief for rising electricity rates appeared first on NJ Spotlight News.

New Jersey Democrats propose $430M plan to defray electricity price increases

Gov. Phil Murphy announces a plan to give ratepayers $100 minimum to defray a sudden, sharp increase in electricity prices in Newark on June 5, 2025. (Courtesy of the governor’s office)New Jersey will send ratepayers at least $100 to defray the impact of a steep rise in electricity prices that took effect this month, top Democrats announced Thursday. The $430 million program, which is not yet approved by state energy regulators, would provide ea…

Murphy announces $430M relief for rising electricity rates

Lower and moderate-income households will see at least $250 rebates

Here's what they're saying about Murphy's rate-hike relief plan

With nearly 4 million New Jersey ratepayers dreading pending electricity rate hikes this summer, Gov. Murphy on Thursday announced a plan in which the state government would provide $430 million with “direct economic relief” to New Jersey energy customers. New Jersey ratepayers are facing electric bills that are as much as 20% higher than they were a year ago.   Here’s what lawmakers, business associations, environmental groups, and movers and s…

NJ offers $430M in energy relief after rate hike

The basics: New Jersey will issue $430M in utility relief after June 1 rate hike 3.9M residents to get $100; low-income households get $150+ Funds drawn from Clean Energy Fund, RGGI, solar programs NJBPU to vote on approval at June 18 meeting As Garden State ratepayers face a 20% increase on utility bills post-June 1, state leaders announced a new effort to provide relief to New Jersey households. During a June 5 press conference in Newark, Gov…