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Power prices surge in NJ race

3 11
17.10.2025
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Energy & Environment

Energy & Environment

 

The Big Story

Electricity prices could dominate 2025, 2026 races

Surging electricity prices have risen to the forefront of the New Jersey governor’s race — and could be a key issue in the 2026 midterms.

© Illustration / Samantha Wong; and Adobe Stock

Nationwide, power prices have risen 6.2 percent over the past year, more than doubling the 2.9 percent inflation rate overall.

In New Jersey, household electricity rates were about 22 percent higher in July than the year before.

In the recent Garden State gubernatorial debate, both candidates mentioned the issue in their opening statements.

“We have an affordability crisis because of property taxes and electricity bills,” Republican nominee Jack Ciattarelli said.

“I am laser focused on driving down your costs, making New Jersey more affordable. I’m going to start by declaring a state of emergency on energy costs,” Democratic Rep. Mikie Sherrill (N.J.) said.

While both candidates say there’s a problem, they have different plans to approach it.

Sherrill

© The Hill