NJ Residents to Get $100 Back On Electric Bills Here s When You ll See It

Families in New Jersey are sweating over shocking utility bills, but assistance is on the way.

PSE and G

On Wednesday, August 13, the New Jersey Board of Public Utilities (BPU) decided to provide bill credits of $100 to all residential customers this fall. According to the board, the Residential Universal Bill Credit (RUBC) scheme would deduct $50 from September bills and an additional $50 from October bills.

The relief follows a 17% to 20% increase in electricity costs on June 1st, which was brought on by last year’s extremely expensive capacity auction. For many households, that meant spending hundreds of dollars a month just to keep the air conditioner and lights running.

The BPU is using $385 million in state clean energy accounts, including unused funds from the Regional Greenhouse Gas Initiative and solar compliance fees, to pay for the credits.

The order emphasizes that households rely on electricity for daily needs like power, light, and cooling during hot weather, and that the Board is still worried about the overall bill consequences of the electricity rate hikes.

The credits will appear automatically on the accounts of all customers of the four major utilities in the state: PSE&G, JCP&L, Atlantic City Electric, and Rockland Electric. No application is required.

The action comes after previous actions that included expanding energy assistance for low-income households and distributing two $30 credits in July and August. However, officials claimed more assistance was required due to a run of triple-digit heat days this summer.

The bottom line? In a rare instance where the shock of power bills is somewhat alleviated, every home receives $100 back.