TRENTON, N.J. (KYW Newsradio) — With energy prices in New Jersey still climbing, Gov. Phil Murphy announced a plan Thursday to put some money back in people’s pockets over the summer.
Alongside the Senate President and Assembly Speaker, Murphy laid the blame for rising costs on the multistate PJM Interconnection grid. The plan could see families save as much as $250 on their energy bill.
“This initiative reflects our administration’s broader and enduring commitment to making New Jersey more affordable for more families,” said Murphy.
However, the governor also acknowledged the plan is a short term solution and said the longer term solution is more energy production, including from solar, which Murphy said has projects awaiting approval from PJM that could help right now.
“PJM must take swift and far reaching actions to meet growing energy demand,” he said.
Republicans in Trenton are calling the credits an election year gimmick to cover for years of bad energy policies.
Assemblyman Michael Torrissi said Trenton Democrats are trying to play the hero by giving people back a little of the money the state has already taken.