⚡ JCP&L wants an 8.8% rate increase that would add about $14 a month to the average bill. Mikie Sherrill signed an executive order earlier this year to freeze electric rate increases. A JCP&L smart meter (JCP&L) A JCP&L smart meter (JCP&L)JCP&L customers wouldn't see the increase until 2028However, the proposal includes a significant delay for JCP&L's 1.1 million New Jersey customers. Mikie Sherrill froze rate hikes in an executive order signed during her first day in office on Jan. 20, 2026. Her first executive order used existing state funds to offset electric rate increases that took effect in June.