NJ electricity rates rising up to 20%; here’s what you can do about it
Summer is fast approaching — and so are large increases to electric bills. The cost of electricity supply, determined by the state’s annual auction, is increasing by as much as 20.2%. These new rates will impact bills starting June 1st, coinciding with the...
CT Electric rates rising up to 25% Jan 1
Electricity Rates in Connecticut Rising up to 25% in 2025 Residents and businesses in Connecticut will face higher electricity rates starting January 1st 2025 as United Illuminating’s (UI) and Connecticut Light & Power’s (CL&P) Public Utilities Regulatory...
Rising electricity demand could drive US wholesale up significantly
Rising Electricity Demand Could Drive US Wholesale Prices 19% Higher Over the Next 4 Years The demand for electricity in the US has skyrocketed over the last 70 years and is going to continue to rise as technology advances. A new report by the ICF is predicting that...
PJM capacity prices may more than double in the 2026/27 auction.
Per a report by Morgan Stanley, capacity prices for the next PJM auction in December could go as high as $695/MW. This would be a 157% increase over the record high prices in the July capacity auction ($270/MW). We are already starting to see the effects of the last...
Duquesne Light Seeks Rate Hikes for PA Residential and Commercial Customers
Duquesne Light is again seeking approval from the Pennsylvania PUC to increase its current 6-month fixed rate, which began on June 1, 2024, for both residential and commercial customers. For residential customers, Duquesne Light seeks to increase the standard supply...
