Effective September 1, 2018, SJE will be implementing a Contract Price adjustment. The rate increase is the result of two factors that are, unfortunately, not in SJE’s control. First is the Atlantic City Electric (ACE) transmission rate increase (affects ACE service territory only). Second is a change to the New Jersey Renewable Portfolio Standards (RPS), requiring the percentage of statewide electricity sales derived from solar energy sources to increase from 3.29% to 4.30% by the end of 2019 (affects all of NJ). This requires SJE to use more solar sources for our electricity supply, thereby increasing costs.
More information can be found at the following links:
Chief Operating Officer, DVPG
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