Energy suppliers ordered to stop passing on higher costs to customers

solar field, New Jersey, energy

TOM JOHNSON / NJ SPOTLIGHT – In a dispute arising out of the state’s new clean-energy law, independent energy suppliers have been ordered to stop passing on higher costs to customers as a result of expanded requirements to supply solar energy.

The New Jersey Board of Utilities ordered so-called third-party suppliers to halt the practice and to refund customers, a step that could run into tens of millions of dollars, according to representatives of the Retail Energy Supply Association, which is contesting the order.

The issue involves only customers who have switched from their incumbent electric utility to third-party suppliers with fixed-price contracts. The board’s staff warned increasing the fixed rate during the term of a contract is prohibited by energy competition rules adopted by the agency …

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