Electric rates set to rise with auction
Published February 4th, 2008
An annual auction, monitored by the New Jersey Board of Public Utilities, begins online today and allows energy and investment companies to bid for the sale of electricity to the state’s four main electric utilities, Atlantic City Electric among them.
The winning bids will help determine how much the utilities will charge their residential customers for the year starting June 1. Those results could be announced by Friday. www.pressofatlanticcity.com
