Compare New Jersey Electric Prices

Lowest electricity rates in New Jersey

Average electricity rates in New Jersey

• Based on data from the Energy Information Administration (EIA), the average residential electricity rate in New Jersey is currently 20.7 cents per kilowatt-hour (kWh). This rate is 19% higher than the national average electric rate of 16.6 cents per kWh.
• The average commercial electric rate in New Jersey is 15.96 cents per kWh. This is 16% higher than the national average of 13.39 cents per kWh.

How to find the best electricity rates in New Jersey

New Jersey electric rates fluctuate during the year based on seasonality, energy demand, and other factors. Generally, energy prices increase during seasons of high energy demand. Residents and businesses typically use more electricity in the winter and summer as they rely more on heating and cooling.

As temperatures in New Jersey cool down, now may be an ideal time to lock in an energy rate before the winter months arrive. Enter your ZIP code to explore current energy prices in New Jersey and secure a cheap electricity rate with an energy supplier.

Types of electric plans in New Jersey

When comparing plans from New Jersey electric suppliers, you may find a few different types. The best energy plan for you will depend on your energy needs, usage, contract length, and other factors. Enter your ZIP code on this page and use the filters to narrow your search for New Jersey energy plans that match your needs.

• Fixed-rate plans. When you sign up for a fixed-rate energy plan, you lock in a rate for the duration of a contract, typically lasting 12 to 36 months. Your energy rate remains consistent throughout your contract. You may also be required to pay an early termination fee (ETF) if you terminate your service before the contract ends.
• Variable-rate plans. A variable-rate plan doesn’t require a contract, but your rate will change as the wholesale cost of electricity fluctuates. Your bill might be more expensive during high-demand months but will likely drop when market rates fall. The main benefit of variable-rate plans is flexibility — you can switch or cancel plans at any time.
• No-deposit and prepaid energy plans. Many energy plans require a deposit when you sign up. It may be waived if your credit score meets the threshold set by the supplier. You can also avoid paying a deposit by signing up for a no-deposit energy plan. A popular type of no-deposit plan is a prepaid energy plan, which allows you to pay for your energy usage upfront and refill your account as needed.
• Green energy plans. Like many states, New Jersey supports green energy. Many New Jersey electric suppliers offer energy plans powered by 100% green energy. Enter your ZIP code and filter for green energy plans to explore current green energy options in your area. You can check each plan’s Electricity Facts Label (EFL) to find the exact renewable energy content.
• Business energy plans. If you’re a business owner in New Jersey, you can also benefit from the state’s deregulated energy by choosing your energy provider. Explore our business energy page to learn more, connect with an energy expert, and start building your customized commercial energy plan.

New Jersey electric suppliers

Energy suppliers in New Jersey and utility companies operate as separate entities with different responsibilities. Understand the differences between suppliers and utilities to know who you should contact if you have questions about your service.

Energy suppliers

An energy supplier purchases energy at wholesale prices and sells it to consumers. Electricity consumers in New Jersey can choose their supplier from a variety of available options. Some of the best electric suppliers in New Jersey include:

• Clearview Energy
• Constellation Energy
• Frontier Utilities
• Verde Energy USA

Utility providers

Utility companies are responsible for delivering electricity, maintaining the local power grid, and responding to power outages. While you can choose your energy provider, you can’t choose your utility company because it is determined by your location. There are four electric utilities serving New Jersey:

• Atlantic City Electric
• Jersey Central Power & Light (JCP&L)
• Public Service Electric and Gas (PSEG)
• Orange and Rockland Utilities

Contact your New Jersey utility company

If your power goes out or you face any electricity interruption, contact your local utility company. You can find contact information for each utility on the following list:

• Atlantic City Electric: 1-800-642-3780
• JCP&L: 1-800-662-3115
• PSEG: 1-800-436-7734
• Orange and Rockland Utilities: 1 (877) 434-4100

New Jersey price to compare

In states with deregulated energy, consumers can choose an electricity rate from their utility or an alternate supplier. If you don’t sign up with a supplier, you’ll automatically be enrolled in an energy plan with your utility under the default rate known as the Price to Compare (PTC). The following is a list of PTC electricity rates from major utilities in New Jersey.

Average electricity bill in New Jersey

The average New Jersey electric bill is $141.17 per month, based on the most recent data from the EIA. This totals out to $1,694 per year. The average electric bill in New Jersey is less than 1% lower than the national average of $141.41.

How to find the best electricity rates in New Jersey

New Jersey electricity rates vary throughout the year due to seasonal changes, energy demand, and other factors. The SaveOnEnergy marketplace can help you find energy rates that suit your needs no matter the time of the year. Here’s how to get started:

• Enter your ZIP code. Explore energy plans in your area and compare rates from different New Jersey electric suppliers.
• Sign up for your plan. After you choose a plan you like, you can easily sign up online or call the number on your screen to speak to a SaveOnEnergy expert.
• Enjoy your new plan. Your new provider will handle the setup so you can relax and enjoy your new energy plan.

Solar energy in New Jersey

New Jersey is a leader in solar energy production in the U.S. Various solar incentives and credits in New Jersey can help you lower the cost of solar panels. SaveOnEnergy can connect you with a reputable solar installer in New Jersey.

If solar panels aren’t right for you, community solar programs in New Jersey provide an alternative. Community solar allows you to subscribe to solar power generated in another location, so you can save on your energy bill without installing solar panels on your property.

SaveOnEnergy’s tips for easy electricity service setup

• Don’t forget to read your plan’s Electricity Facts Label before signing up. It contains important information, including:
  • Price per kWh based on usage
  • % renewable energy sourcing
  • Early termination fees
• Enjoy hassle-free supplier setup. Once your order has been confirmed, your new supplier will set up service with your utility, or transmission and distribution service provider (TDSP) — but don’t worry, there shouldn’t be any interruption to your power during the switch.
• Understand your electricity bill. Your local TDSP will still deliver your electricity and maintain electric infrastructure including meters and power lines. Your utility fees can be found as TDU or TDSP charges on your monthly bill. They are independent of your supplier rate.