$207/mo
based on 831 kWh average monthly usage
Electricity Rates in New Jersey (June 2026)
The average residential rate is 24.95¢/kWh — that's about $207/month for a typical household.
Source: U.S. Energy Information Administration. Data as of June 2026.
#43
out of 51 states (1 = cheapest)
36.0%above
the national average of 18.34¢/kWh
Stable
over the past 12 months
Rates by Sector
| Sector | Rate (¢/kWh) | vs National | Avg Monthly Usage | Avg Monthly Bill |
|---|---|---|---|---|
| Residential | 24.95¢/kWh | +36.0% | 831 kWh | $207 |
| Commercial | 18.47¢/kWh | +30.2% | 5,853 kWh | $1,081 |
| Industrial | 15.65¢/kWh | +70.7% | 44,843 kWh | $7,016 |
| National Avg — Residential | 18.34¢/kWh | — | 930 kWh | $171 |
| National Avg — Commercial | 14.19¢/kWh | — | 6,854 kWh | $972 |
| National Avg — Industrial | 9.17¢/kWh | — | 79,069 kWh | $7,248 |
Electricity Providers in New Jersey
Utility data from EIA Form 861, 2024
How Deregulated Electricity Works in New Jersey
New Jersey deregulated its electricity market in 1999. The system operates with three components: power companies generate electricity (generation), utilities maintain high-voltage lines (transmission), and your local utility (Public Service Elec & Gas Co, Jersey Central Power & Lt Co, Atlantic City Electric Co, Rockland Electric Co) delivers electricity to your home (distribution).
You can choose your electricity supplier from 59 competing providers. If you don't select a supplier, you automatically receive default service through your utility at a regulated rate.
How to Switch Electricity Companies in New Jersey
- 1Review your current contract terms and check for early termination fees
- 2Compare available rates from 59 suppliers serving your area
- 3Choose a plan and sign a Letter of Authorization
- 4Your new supplier handles the transfer with your utility (Public Service Elec & Gas Co, Jersey Central Power & Lt Co, Atlantic City Electric Co, Rockland Electric Co) — your service is not interrupted
- 5Your new rate takes effect in the next billing cycle
When is the Best Time to Switch Energy Providers in New Jersey
The best times to switch providers in New Jersey typically include:
- Before peak seasons (summer) when you can lock in lower rates
- When your current contract is nearing expiration
- During off-peak months when providers offer competitive promotions
- After comparing rates during market downturns
Types of Electricity Plans in New Jersey
Fixed-rate plans
Consistent rates throughout your contract term, making budgeting easier. Early termination fees may apply.
Green energy plans
Power your home with 100% renewable sources while supporting clean energy goals.
Time-of-use plans
Different rates based on when you use electricity, with lower costs during off-peak hours.
Variable-rate / prepaid plans
Flexibility without long-term commitments, though rates may fluctuate monthly based on market conditions.
Power Outages in New Jersey
117 customers currently without power in New Jersey
Frequently Asked Questions
The average residential electricity rate in New Jersey is 24.95¢ per kWh. Commercial customers pay an average of 18.47¢ per kWh and industrial customers pay 15.65¢ per kWh.