Electricity customers served by Jersey Central Power & Light will see a modest increase in supply costs beginning June 1, 2026, following the certification of New Jersey’s annual Basic Generation Service (BGS) auction by the New Jersey Board of Public Utilities.
Under the newly approved rates, the average JCP&L residential customer using 650 kilowatt-hours per month is expected to see their monthly electricity supply bill rise from $135.24 to $137.47, an increase of $2.23, or about 1.6 percent. The figures reflect supply charges only and do not include delivery or other utility fees.
The 2026 auction results for JCP&L showed a slight increase compared with last year, largely driven by higher wholesale energy costs and prices in the regional capacity market operated by PJM Interconnection. Officials said the impact was moderated in part by a temporary price “collar” adopted in 2025, which placed limits on how high or low capacity prices could move.
The rate changes come as Gov. Mikie Sherrill has directed regulators to address rising utility costs. Under Executive Order No. 1, the NJBPU is required to provide Residential Universal Bill Credits to help offset supply increases starting with the June 2026 billing cycle. Initial credits are expected to be issued by July 1, 2026.