Mikie Sherrill Promised Us She Would Freeze Electric Rates, But New Jersey Energy Costs Will Continue to Rise

NJ Residents Face Higher Electric Bills Despite Sherrill’s Rate Freeze Pledge Trenton, NJ — New Jersey residents are likely to see rising electricity costs in 2026 and beyond, despite public claims that rates would be “frozen,” because the state’s own executive order stops short of actually blocking increases and leaves key decisions in the hands of regulators and regional energy markets. The policy at the center of the debate—an executive order issued by Gov. Mikie Sherrill—directs the New Jersey Board of Public Utilities (BPU) to consider pausing or modifying rate hikes. It does not require a freeze, and it does not override the forces that ultimately drive electricity prices across the region. That distinction is now showing up in utility bills. Executive order calls for review, not a freeze The language in the order instructs BPU to “consider pursuing a pause, abeyance, or modification” of proceedings tied to electric rate increases and cost recovery. That wording gives regulators flexibility but does not mandate action. BPU can still approve rate hikes if utilities justify them under existing law. In New Jersey, electric rates are set through a combination of: Even if BPU slowed or denied certain increases, it cannot fully shield