The meter is still spinning out of control on winter heating bills, and now comes news from the state Board of Public Utilities that electricity users will get slammed with a 14.2-percent price increase in June, the Asbury Park Press is reporting.
From the Press:
Beginning June 1, the typical Jersey Central Power & Light customer, who uses 650 kilowatts of electricity a month, will see bills rise to $106.72, up $13.30 or 14.2 percent. The typical bill is now $93.42.
The story says also that:
The increases were approved by the state Board of Public Utilities today after the state’s two-day energy auction was held earlier this week. It increases the wholesale electricity prices New Jersey’s four electric utilities will pay.
The cost of electricity is passed through to customers and does not put more money in the utilities’ coffers.
Oh, well, then, we feel a whole lot better.