The legislation comes after a 20% price hike hit customers in June, prompting many to call for relief.
Breakdown
- Governor Murphy signed two bills to help reduce electricity costs in New Jersey.
- A 20% electricity price hike occurred in June, prompting state action. 8s
- The state allocated $430 million to help compensate for higher electric bills. 24s
- Utilities were convinced to spread out summer charges for more manageable bills. 36s
- The new legislation aims to expand solar power access and create clean energy jobs. 51s