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Rate Counsel urges immediate bill relief and oversight; proposes policy fixes to protect households
Summary
The Division of Rate Counsel told the legislature March 28 that millions of New Jersey residents face unaffordable electric bills and urged short‑term targeted credits, stronger oversight of utility investments and changes to rate design and procurement to protect consumers.
The Division of Rate Counsel urged state lawmakers on March 28 to take near‑term and structural steps to prevent a summer affordability crisis after wholesale capacity prices rose sharply.
Immediate needs
Brian Lipman, director of the Division of Rate Counsel, told the committee that many households are in “energy poverty” and cannot absorb steep bill increases. Lipman recommended targeted, near‑term bill credits for…
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