Trenton, NJ – New Jersey residents may soon see their energy bills calculated in a whole new way, as the state’s Board of Public Utilities (BPU) has approved a groundbreaking “equity” plan to link utility rates to household income.
The decision, finalized at a recent BPU meeting, aims to address energy affordability but has sparked intense debate across the Garden State.
That means, the more money you make, the more you will have to pay for energy. It’s being hailed as a success fine and unconstitutional by some. This means many in New Jersey won’t be seeing a 20% rate hike in June. If this is approved, you can see your energy bills soar, some say as much as 50%, depending on how much money your family earns…