NJBPU Approves New Rockland Electric Company Rates
The New Jersey Board of Public Utilities (NJBPU) has voted to approve new electric rates for Rockland Electric Company.
The new rates, which will take effect January 1, 2022, provide Rockland Electric with the resources to provide increased customer satisfaction, improved storm resilience, more efficient operations, and greater technological innovation, which supports the objectives of New Jersey’s Energy Master Plan.
To fund these proposed electric delivery initiatives, today’s rate order provides for an increase in overall revenues for electric delivery of $9.65 million or 4.6 percent. The bill for a typical residential customer using 925 kWh per month would increase by $7.65 per month from the current bill of $169.33 to $176.98.
In addition, Rockland Electric has invested to further storm-harden the electric system through smart grid automation projects. The smart grid integrates state-of-the-art equipment and technology with advances in computer analysis, communications, monitoring and control to significantly enhance system reliability, efficiency and overall quality of service.
About Rockland Electric Company
Rockland Electric Company is an electric utility that serves 73,000 customers in parts of Bergen, Passaic and Sussex County in New Jersey. Rockland Electric is a wholly owned subsidiary of Orange and Rockland Utilities, Inc., which in turn is owned by Consolidated Edison, Inc.