A July 11 post in a Hoboken, New Jersey, parenting group on Facebook pointed to a frustrating trend: “Our utility bill is more than double what it was last month. … Anything we can do about it?” The post had several dozen replies and most of the commenters said their home utility bills had also risen dramatically.
On the campaign trail a year ago, President Trump vowed, “Under my administration, we will be slashing energy and electricity prices by half within 12 months — at a maximum, 18 months,” but this year has seen energy prices rising in several states. Residents and governors in five East Coast states are blaming electric supplier, PJM Interconnection. The company is the largest grid operator in the U.S., serving 13 states and 65 million customers.
In New Jersey, energy prices increased on June 1, causing a 17-20% jump in residential customers’utility bills. The utility company PSE&G told its New Jersey customers they should expect to see a higher monthly bill of about $183 for the average customer, an increase of $27.
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