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Three electric companies costs will fall this summer

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PSE&G customers will see their average monthly rate increase.
PSE&G customers will see their average monthly rate increase. - (NJBIZ File Photo)

Electricity costs for three electric companies in New Jersey will fall slightly after an auction was held on Wednesday to determine the wholesale costs utilities will pay starting June 1.

However, for one of the states largest utilities — Public Service Electric and Gas — the cost will be more, according to a report in the Asbury Park Press.

PSE&G customers will see their average monthly rate increase by $1.28.

Jersey Central Power & Light customers will see a decrease of $1.56.

Atlantic City Electric customers will see a decrease of $3.11.

Rockland Electric will see a 0.7 percent decrease.

BPU President Dianne Solomon told the Asbury Park Press that PSE&G customers will be paying more because electric transmission costs have gone up.

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Emily Bader

Emily Bader

Emily Bader is the copy and web editor at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com or @emilybader on Twitter.

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