Newark Electricity Rates
If you live in or around Newark, New Jersey, you’re probably well aware of the myriad of retail electricity providers that are competing for your business. While not all retail electricity providers are created equally, there is reason to consider making the switch.
Newark has historically seen some of the highest electricity rates in the country, with rates consistently over the national average. There is an abundance of retail electricity providers that serve the Newark area, many of which that offer lower rates than the default utility, PSE&G. As more customers opt for electric choice, competition among providers increases, resulting in lower price points, more customized and flexible plans, and other innovations in products and services.
Compare Newark Electricity Rates
If you are interested in switching your electric supply from PSE&G, you are in the right place. Here at ElectricityRates.com, we provide you with information and tools to help you make more informed decisions when choosing among providers and their various plans.
Of course, you’ll want to find a plan that has lower Newark electricity rates compared to what you’re currently paying . Here are some questions that you’ll want to ask yourself when comparing providers and plans:
- Does the rate change from month-to-month? A variable rate plan will generally change from month-to-month. A fixed rate plans’ rates won’t change for the duration of the contract. Variable rate plans may save more initially, but fixed rate plans often save more over the duration of the contract.
- What is the duration of the contract? Plans may be offered in 3-, 6-, 9-, 12-, 18-, 24- or 36-month terms. We recommend a 6- to 24-month plan, as shorter plans are harder to keep up with and longer plans may not reflect market prices in the future.
- What incentives do the providers have to offer? Some providers offer sign-up bonuses, rewards programs, valuable tools and resources, and other incentives. Ask yourself if these incentives are valuable when taking the plan’s rate into account.
- Are providers offering renewable energy plans? If you are environmentally conscious, you may want to select a provider that offers partially or 100% electric supply that is sourced from renewable energy. While these plans may have slightly higher rates than plans that source traditional fossil-fuel derived energy, the choice is at least available and is quite affordable.
Switch Newark Electricity Providers
Once you’ve selected a provider and plan that fits your needs, switching is easy. The easiest way to switch is with our free Compare & Switch tool, located on the right side of this page. Select the provider and plan you want to switch to and fill out your contact and account information. It’s that simple.
Once you’ve switched, PSE&G will continue to deliver your electricity, maintain the wires and poles that transmit the electricity into your home or business, and respond to emergencies such as power outages and downed power lines. There will be no change in the reliability of your service. The only real difference that your will be charged a different rate on your electric bill.