Just like most U.S states in the Northeast portion of the country, utility rates are always on the rise year after year, and the state of New Jersey is no different. Homeowners are always exposed to these rate hikes mostly during the summer and winter months. The utilities justify these increases as necessary to help maintain and build on service reliability and customer improvements.
New Jersey has four major electric utilities providing electricity delivery service and default generation service. The utility companies manage and control the delivery portion of electricity in the state and should not be expected to provide the lowest possible electric rates.
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