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New Jersey Electricity Rates

Updated: 11/12/2020

If you live in the Garden State, you have Energy Choice. This means you can compare New Jersey electricity rates, switch providers and start saving money on your electricity bill. ElectricityRates.com makes it easy to compare electricity prices and switch in minutes. Keep reading to learn everything you need to know about New Jersey electricity rates.

Shop New Jersey Electricity Rates

Find your utility below to compare featured rates from leading New Jersey electricity providers. Choose the best plan for you and switch in only a few minutes.

New Jersey
Best Electricity Rates
ProviderPlan NameLengthRate Per kWhSign Up
Tomorrow Energy
12 Month Fixed
12 Mo.13.48¢Select
Verde
Clean Power 12
12 Mo.13.99¢Select
Verde
Clean Power 24
24 Mo.14.09¢Select
Constellation
24 Month Home Power Plan
24 Mo.14.39¢Select
Constellation
12 Month Electricity Plan PowerPlug
12 Mo.15.29¢Select
PlanRate Per kWh
Tomorrow Energy
12 Month Fixed

12 Months
13.48¢
Select
Verde
Clean Power 12

12 Months
13.99¢
Select
Verde
Clean Power 24

24 Months
14.09¢
Select
Constellation
24 Month Home Power Plan

24 Months
14.39¢
Select
Constellation
12 Month Electricity Plan PowerPlug

12 Months
15.29¢
Select
  • 100% Renewable Sources
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Average New Jersey Electricity Costs

The average electricity price in New Jersey is 15.41¢ per kWh which ranks 12th in the United States. New Jersey residents tend to be more energy efficient with the 12th lowest energy usage in the country averaging 690 kWh per month. Because New Jersey residents tend to be more energy-efficient, they rank in the bottom half for average electricity bill at $106.28 per month.

electric meter

15.41¢

Average Rate per/kWh

electric plug

690 kWh

Average Usage per month

electric bill

$106.28

Average Cost per month

HOW DOES THIS COMPARE NATIONALLY?

12th Highest

Average Rate

12th Highest

Average Usage

17th Highest

Average Cost

Last Updated on March 15th, 2020

Source: U.S. Energy Information Association (EIA)

New Jersey Utilities with Energy Choice

  • Atlantic City Electric serves 550,000+ electricity customers throughout southern New Jersey.
  • Jersey Central Power & Light serves 1.1 million customers throughout central and northern New Jersey.
  • PSEG delivers natural gas and electricity to millions of New Jersey residents throughout the state. Check out some of the best available plans for PSEG below.

How Does New Jersey Energy Choice Work?

Under New Jersey energy deregulation laws, all residents have the ability to shop for electricity rates and switch energy providers for their home or business. This drives down the cost of electricity supply as companies compete for your business.

Participating in Energy Choice is especially helpful if you use a high amount of electricity but there are many benefits including:

  • Locking in a fixed-rate: Locking in your rate so your bill remains consistent every month
  • Choosing 100% renewable energy: Supporting green energy with a 100% renewable plan
  • Plan Incentives: Benefitting from various provider incentives including smart-home device bundles

When you switch electricity providers, you still get the same reliable delivery of electricity from your local utility. The only thing that changes is the electricity supplier and supply rate on your bill.

How to Compare New Jersey Electric Rates

To compare rates and get the best electricity prices in New Jersey, follow this simple three-step process.

How to Compare New Jersey Electricity Rates
  1. Enter ZIP Code: Enter your ZIP Code in the free Rate Comparison Tool found at the top of the page
  2. Compare Rates: Compare competing New Jersey electricity rates
  3. Switch Providers: Choose an electricity rate and switch in minutes through our safe & secure platform

It’s that simple! After you sign up, your new electricity provider will take care of the rest and your new rate will take effect in one or two billing cycles.

Renewable Energy in New Jersey

As of 2020, renewable energy sources make up around 5% of New Jersey’s electricity generation. However, with plans to be on 100% clean energy by 2050, renewable production is expected to rapidly increase.

The majority of renewable energy generated in New Jersey is solar, but the state has plans to expand clean energy with energy storage and 7.5 GW of offshore wind.

If you want to support the growth of renewable energy in New Jersey, there’s no need to install solar panels or other costly equipment. You can switch to a 100% renewable energy supplier who will offset your energy usage with Renewable Energy Credits (RECs)

Business And Commercial Electricity Rates In New Jersey

Since businesses use more electricity than households, they can qualify for extremely low electricity rates with Energy Choice. If you’re not participating in Energy Choice as a New Jersey business owner, you may be leaving a pile of money on the table.

To get started, visit the business electricity rates page and request a free quote. An energy expert from a leading electricity provider will contact you to discuss customized energy pricing and other customized options.

Shop Electricity Rates by City

Follow the links below for more information about electricity rates in popular New Jersey cities.

New Jersey Electricity Rate FAQ's

How does Energy Choice benefit New Jersey residents?
Energy Choice benefits you by giving you the option to comparing competing offers from electricity providers and switch to the best rate. Oftentimes rates offered by retail providers are lower than what New Jersey residents pay by default. They also offer price protection by locking in a rate for the length of your contract.
What’s the difference between utility providers and electricity providers?
In New Jersey, your utility provider is responsible for the reliable transmission and distribution of electricity. They also provide your electricity supply by default if you do not participate in Energy Choice. Electricity providers negotiate supply rates and provide consumers with a variety of options to choose from in relation to their supply.
Who are the Utility Companies in New Jersey?
New Jersey has three primary utility providers: Atlantic City Electric, Jersey Central Power & Light and Public Service Electric & Gas (PSE&G). Another utility provider called Rockland Electric also serves small parts of northern New Jersey.
What is the average cost of electricity in New Jersey?
According to the Energy Information Administration (EIA), the average electricity rate in New Jersey is 15.41¢ per kilowatt-hour (kWh).
How does New Jersey generate electricity?
New Jersey primarily generates electricity with natural gas and nuclear power. Here’s a breakdown of New Jersey’s primary generation sources: Natural Gas: 57%, Nuclear: 37.4%, Solar: 4.8%. The rest of New Jersey’s energy mix is comprised of small amounts of biomass, coal and other sources.
Where can I find my New Jersey electricity supply rate?
If you want to find your current New Jersey electricity supply rate, look at your most recent electricity bill. You can find your electricity supply rate there. If your utility supplies your electricity, use the “Price to Compare” listed on your bill.