On February 12th, the Board of Public Utilities announced the results of the annual Basic Generation Service (BGS) auction. We wanted to reach out to provide some clarification on this matter.
 
As a reminder, customers have two charges that appear on their electric bill: the supply charge for the cost of the actual electricity consumed and the JCP&L delivery charge.
 
The results of the BPU’s BGS auction determine the electricity supply costs for customers who do not choose a third-party supplier. Due to rising supply costs, the typical New Jersey residential customer using 777 kWh per month will see a 19.9% increase in their total monthly bill. This increase is driven by external market factors, including higher demand and increased capacity costs from limited generation growth.
 
JCP&L understands that rising electricity costs are a concern. As a delivery company, we do not generate or set the price of electricity supply—New Jersey’s deregulated market separates supply costs from delivery charges. JCP&L simply delivers electricity and collects supply costs on behalf of suppliers without markup. This is not a proposed increase in JCP&L’s delivery rates.
 
We remain committed to helping customers manage their bills through energy efficiency programs, assistance resources, and payment options. Customers needing support can visit firstenergycorp.com/billassist to check eligibility for assistance programs or payment arrangements.