The New Jersey Assembly Telecommunications and Utilities Committee convened on October 2, 2024, to address rising utility costs and their impact on residents. The meeting focused on the urgent need for affordable energy solutions amid escalating electric bills that have burdened many families across the state.

Chairman Selwyn thanked stakeholders for their participation, emphasizing the importance of public forums in addressing constituent concerns. He highlighted the committee's commitment to improving public policies that enhance affordability and promote clean, renewable energy solutions.

Assemblywoman from Burlington Atlantic Counties expressed her constituents' frustrations over skyrocketing electric bills, noting that while utility companies like Exelon have seen significant stock gains, families are struggling with increased monthly expenses. She called for transparency regarding the factors contributing to these rate hikes and announced plans to introduce legislation requiring the Board of Public Utilities (BPU) to consider affordability before approving utility rate increases.

Another assembly member, representing a district with a high senior population, pointed out that seniors are disproportionately affected by rising utility rates. He criticized the current energy policies, suggesting that the state's reliance on renewable energy sources like solar and wind has not met demand effectively. He urged the committee to reconsider the administration's energy master plan and to invest in nuclear and natural gas as viable alternatives to stabilize energy costs.

The committee members collectively acknowledged the need for transparency and accountability from utility providers. They expressed their commitment to ensuring that energy prices remain affordable for New Jersey residents and to providing necessary resources for consumers to manage their utility expenses.

The meeting concluded with a consensus on the importance of ongoing dialogue with utility companies and stakeholders to address these pressing issues. The committee plans to continue its efforts to advocate for policies that prioritize affordability and sustainability in New Jersey's energy landscape.