As a consumer in the same energy interconnect (PJM) as New Jersey, I follow the energy markets and the yearly power auctions. The most recent one this article is referencing is the July for the June 1, 2026 – May 31, 2027 delivery year.
Here’s the PJM interconnect coverage area. If you live in the blue, some of the article applies to you too.
One thing the article doesn’t make clear though is that there are essentially TWO prices on the power bill (technically three but many power companies combine two together):
- Generation
- Distribution ( and Transmission)
Generation is making the electricity at the power plant. Thats what this PJM pricing is, buying the juice. Distribution (and Transmission) is getting the electricity from the powerplant to your wall socket. This is where power companies vary by locality. The article doesn’t cover this distinction, and its important because your local power company is paying more for the Generation (which the article covers), but they are also frequently increasing distribution costs.
Here. It ain’t us. It’s greed and a. I
We done here?
It’s wild to me that my utility company dropped rates from $0.11kWh to $0.09kWh off peak hours and $0.32kWh to $0.27kWh recently while everyone else’s seems to be going up.
while everyone else’s seems to be going up.
I can’t speak for everyone in the PJM region, but my power company doesn’t force Time Of Use (TOU) yet. The rates that this article is, I believe, talking about is flat rate.
dropped rates from $0.11kWh to $0.09kWh off peak hours and $0.32kWh to $0.27kWh
And my power rates are a flat $0.22kWh which may end up being cheaper for our same equivalent power usage.
Full disclosure: I have solar panels so I don’t pay anything for most of the year and have only a couple expensive months (in the depths of winter).
