New Jersey electricity costs rise more than twice the rate of inflation
New figures from the Labor Department show prices climbed over 5% in the past year.
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Sep 4, 2025, 4:46 PM
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Updated 4 hr ago
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20m agoElectricity prices are surging across the Garden State — more than twice the rate of inflation.
New figures from the Labor Department show prices climbed over 5% in the past year.
In New Jersey, customers are paying 25% more on average for electricity.
Research points to the AI boom fueling the hike, with power-hungry data centers putting a strain on the grid.
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