JCP&L Implements Measures to Mitigate Electricity Price Hike Impact in New Jersey

Reuters
06/18
JCP&L Implements Measures to Mitigate Electricity Price Hike Impact in New Jersey

Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp., is taking proactive measures to help mitigate the impact of rising electricity supply prices during the hot summer months. With the approval from the New Jersey Board of Public Utilities, JCP&L has introduced several initiatives aimed at supporting families affected by the surge in electricity costs, which account for nearly 60% of a family's bill in their service area. While the supply prices are beyond their control, JCP&L is committed to assisting customers through new and expanded assistance programs. These include bill assistance for income-eligible customers, energy efficiency tools, and practical energy-saving tips. The rise in supply costs is attributed to increased demand and reduced supply due to power plant retirements, resulting in a 19.6% increase in the average residential bill. JCP&L serves 1.1 million customers across various counties in New Jersey.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FirstEnergy Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: CL13419) on June 18, 2025, and is solely responsible for the information contained therein.

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