Soaring Electricity Costs Could Decide New Jersey Gubernatorial Race
Over the past year, the average residential price for electricity in New Jersey has increased from 20.7 cents per kilowatt hour to 25.3 cents per kilowatt hour, according to the U.S. Energy Information Administration.
In August, the New Jersey Board of Public Utilities approved a $100 credit ($50 in September and $50 in October) to provide a little relief to New Jersey ratepayers. “This should be helpful for people, but in no way solves the problem. I hope this helps some people get over the hump. This is a very difficult time,” Commissioner Zenon Christodoulou said after the bill credit announcement.
Although a $100 credit will help alleviate some of the financial stress New Jersey families face on a monthly basis, it is like putting a Band-Aid on a gunshot wound.
The main reason that New Jersey’s electricity rates are skyrocketing is because the Garden State has gone all in on climate alarmism and renewable energy madness over the past several years.
In 2018, New Jersey Gov. Phil Murphy stepped into office and immediately signed the Garden State back into the Regional Greenhouse Gas Initiative (RGGI).
According to its website, the RGGI “is a cooperative, market-based effort among the states of Connecticut, Delaware, Maine, Maryland,........
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