NJ Energy Bills Spiked Up 17% Since Last Year: Here’s How Much Rates Will Increase in 2026

Trenton, NJ — New Jersey households are still absorbing last year’s sharp electricity price surge—about 17% in 2025—while facing a smaller projected increase of roughly 1.3% in 2026 under the state’s mitigation plan, according to reports cited by News 12 New Jersey and federal economic data.

The bulk of the financial hit traces back to mid-2025, when utility bills jumped between 16.9% and 20%, one of the steepest increases nationwide, a spike that continues to shape what residents pay this year.

Smaller 2026 increase follow...