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New Jersey Electricity Rates

Compare New Jersey Electricity Rates

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.

You can also enter your ZIP Code at any time to compare rates in your area instantly!

Shop New Jersey Electricity Rates

Atlantic City Electric Electricity Rates

Atlantic City Electric serves 550,000+ electricity customers throughout southern New Jersey.

Utility: Atlantic City Electric
Plan Term & Rate per kWh
Tomorrow Energy

Tomorrow Energy

12 Month Fixed

12 months
9.89¢
Constellation

Constellation

36 Month Home Power Plan

36 months
10.69¢

Rates Updated: 11/1/2020.

Jersey Central Power & Light (JCPL) Electricity Rates

Jersey Central Power & Light serves 1.1 million customers throughout central and northern New Jersey.

Utility: Jersey Central (JCPL)
Plan Term & Rate per kWh
Constellation

Constellation

36 Month Home Power Plan

36 months
9.79¢
Tomorrow Energy

Tomorrow Energy

12 Month Fixed

12 months
9.88¢

Rates Updated: 11/1/2020.

Public Service Electric and Gas (PSEG) Electricity Rates

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.

Utility: PSEG
Plan Term & Rate per kWh
Tomorrow Energy

Tomorrow Energy

12 Month Fixed

12 months
13.48¢
Verde

Verde

Clean Power 24

24 months
14.09¢

Rates Updated: 11/1/2020.

For all rates in your area, find the free Rate Comparison Tool and enter your ZIP Code at the top of the page.

Average New Jersey Electricity Rates

New Jersey Average Bill

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 Lowest

Average Usage

17th Lowest

Average Cost

Last Updated on March 15th, 2020

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

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.