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New Jersey
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| New Jersey has the 9th highest retail electricity prices
in the nation. The 2000 state average rate of $90.80/MWh was 36 percent
above the national average retail rate. New Jersey rates are high because
of their large nuclear investment ($7.8 billion), high delivered fuel
costs and above market power purchase agreements. Only 17 percent of
in-state utility generation comes from their lower cost coal-fired units.
These coal units were not as competitive as most coal units because
of their long distance from coal supplies and tight sulfur specifications
contribute to an average delivered coal price above the national coal
average price. |
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