JCP&L Costs going up June 1, 2025
Just received an upsetting email from First Energy stating rates will "sharply increase on June 1."
"The New Jersey Board of Public Utilities (BPU) recently announced the results of the auction used to set the BGS price for all electric distribution companies in New Jersey. Based on the results of this BGS auction, a JCP&L customer using 777 kWh/month can expect to see their total bill increase by 19.9% beginning June 1."
They recommend shopping around for other suppliers licensed by the BPU.
This is a substantial increase and will be really hard for those of us on a budget. Can anyone speak to their experience using a third-party supplier? How does this work? Can you really save that much more? Thanks in advance!
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