PSE&G Proposes New Solutions To Help Customers Dealing With Upcoming Energy Price Increases

NEWARK - PSE&G announced that it is amending its May 7, 2025 filing with the New Jersey Board of Public Utilities (BPU) to provide additional short term relief for mitigating the impact of recent significant increases in electric supply costs caused by PJM’s high capacity market prices. In the filing, PSE&G is responding to requests for temporary solutions from Gov. Phil Murphy issued in a press release yesterday, in addition to a one-time waiver of carrying costs for credits that might be issued this summer, pending BPU action.

“As Gov. Murphy said yesterday in his press release, utilities are not the cause of the unexpected rise in utility rates, but we have a role to play in providing options to assist our customers,” said Kim Hanemann, president and COO, PSE&G. “PSE&G works closely with our customers and communities to help ensure they have access to programs that fit their needs to manage their bills. We will continue to work with policymakers on short term solutions to assist our customers while working with the state on long term solutions, including the need for more generation.”

For decades, PSE&G has worked with customers, and with non-profits and community organizations who work with utility customers, to raise awareness, educate and inform customers about energy assistance options. In recent years, PSE&G has participated in hundreds of events across the state and communicated directly to customers through the mail and online about the programs and support available to help manage bills.