N.J. will give residents at least $100 credit to help pay for soaring electric bill bills, Murphy says

All New Jersey electric customers will receive “direct relief” to help deal with soaring soaring electric bills as the warmer months return, Gov. Phil Murphy announced Thursday at a press conference in Newark .

The governor said the state will spend $430 million to subsidize the relief to all of New Jersey’s 3.9 million ratepayers, with most customers getting $100. Low-to-moderate income earners may get up to $250 for their electric bills.

Murphy said he is providing the relief to help spare New Jersey electric customers from alarmingly high bills due to recent rate hikes as scorching temperatures are likely to put a stronger demand on the state’s power supply. Last summer, many customers were distraught over abnormally high bills, questioning methods for measuring electric use.