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BPUEnactedPublished Feb 12, 2025
New Jersey Picks Electricity Suppliers Through Annual Auction
Official title: NJBPU Announces Conclusion of New Jersey’s Annual Electricity Supply Auction
What is this?
New Jersey held an auction to pick companies that will provide electricity to the state over the next year. The companies that won the auction will deliver power to homes and businesses across New Jersey. This auction helps make sure there is enough electricity available and helps keep prices fair for everyone.
Who does this affect?
- •All New Jersey households that use electricity from the power grid
- •Businesses and industries that depend on reliable electricity supply
- •Electricity suppliers competing to serve New Jersey customers
- •Consumers who benefit from competitive pricing of electricity
What can you do?
1.Stay informed about your electricity supplier and explore if switching suppliers could save you money
2.Monitor your energy usage to reduce consumption and lower your bills
3.Check the NJ BPU website for updates on electricity pricing and supply information
Timeline
- 2025-02-12
What this means for you
This auction helps make sure there is enough electricity available and helps keep prices fair for everyone.