A blueprint for abundant, affordable energy for New Jersey families | Op-Ed
Every month, residents open their utility bills and feel the squeeze. The average household in New Jersey now pays more than $1,900 a year for electricity, well above the national average. Every part of the flawed energy ecosystem in our state is contributing to blocking the generation, transmission and distribution of power.
New Jersey’s Board of Public Utilities President Christine Guhl-Sadovy said this past summer’s 17-20% price hikes were due to “rapidly increasing demand for electricity, coupled with limited supply growth due to lagging new generation interconnection, and flawed market dynamics in the PJM region”. These hikes are the product of monopolization, not a functioning marketplace. Government has decided to control electricity by authorizing only the chosen few legal monopoly utilities.
These hikes are not just numbers on a page. They are real burdens on working families, retirees, and small businesses trying to stay afloat in an already unaffordable state.
On Energy Matters, a NJPI-sponsored public affairs show on ON New Jersey, guests often point to the root causes: outdated infrastructure, regulatory red tape imposed by Governor Murphy and a system that favors monopolies over competition. When government policies pick winners and losers, subsidizing some technologies like offshore wind while banning others, consumers lose. Innovation stalls and prices rise….
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