Throughout a boiling summer here in the great Garden State and beyond, ratepayers have dealt with energy bill sticker shock.

As NJBIZ reported, AC Electric customers have broadcast spikes, sometimes up to four times as high as typical summer bills. That’s prompted criticism of the New Jersey Board of Public Utilities from Republican lawmakers.

This week, the Murphy administration held an event in Perth Amboy to highlight the Residential Energy Assistance Program (REAP). The program provides financial relief to thousands of eligible households statewide.

During the September bill cycle, approximately 278,000 qualifying residential ratepayers will receive a $175 one-time bill credit to apply to either their electric or gas bills.

In April, the NJBPU approved the Fiscal Year 2024 Clean Energy Program true-up budget. The plan commits nearly $22 million in carryover Arrearage Relief Funding (ARF) as well as an additional $30 million in Clean Energy Program funds for a total of more than $51 million in REAP funding.

Paying it forward

“Costly utility bills can stress household budgets and directly impact the bottom line, making it difficult for residents to afford other necessities,” said Gov. Phil Murphy. “Through the REAP initiative, we are putting money back into the pockets of ratepayers across the state, delivering critical assistance to individuals and families by easing the financial burden of high utility bills.”

“During another summer of record-breaking temperatures, the NJBPU remains committed to ensuring those struggling to make utility bill payments have the help they need,” said NJBPU President Christine Guhl-Sadovy. “Through this one-time bill credit, the NJBPU is returning unspent clean energy funds to ratepayers who shoulder a disproportionately high energy burden.”

“The REAP initiative highlights our dedication to making New Jersey a more affordable place to live, ensuring every resident can keep their lights on and their homes warm – or cool – without sacrificing other essentials,” said Assembly Speaker Craig Coughlin, D-19th District. “The initiative offers relief to those who need it most, especially as utility costs continue to challenge family budgets. It’s great to see this resource added to the growing list of support available to residents who need a little extra help in our state.”

More information on REAP and eligibility is available here.