New Jersey Electric Rates to Decrease June 1

The results of recent electric auctions for New Jersey has been published.  Effective June 1:

Atlantic City Electric customers will see a 2.84% rate decrease thanks to this auction.

Public Service Electric & Gas customers will see a 3.6% rate decrease.

But the biggest rate decrease related to this auction goes to customers of JCP&L who will see a rate decrease exceeding 6% once the new rates kick in on June 1st.

Please note that these rates are for a short time period.  Fixed price competitive electricity contracts will protect your price levels for the long term.