Question 1

What is the average electricity rate in New Jersey?

Accepted Answer

The average residential electricity rate in New Jersey is 23.49¢ per kWh. Commercial customers pay an average of 17.21¢ per kWh and industrial customers pay 13.56¢ per kWh.

Question 2

How much is the average electric bill in New Jersey?

Accepted Answer

The average residential electric bill in New Jersey is about $129 per month, reflecting average monthly usage of 547 kWh at a residential rate of 23.49¢ per kWh.

Question 3

Is electricity expensive in New Jersey?

Accepted Answer

At 23.49¢ per kWh, New Jersey's residential electricity rate is 24.7% higher than the U.S. average of 18.83¢ per kWh. That makes it the 39th-cheapest of 51 states and DC ranked by residential price.

Question 4

Can I choose my electricity provider in New Jersey?

Accepted Answer

Yes. New Jersey has a deregulated electricity market, so you can choose your electricity supplier from competing providers. Your local utility still delivers the power and handles outages — only the company you buy your electricity from changes.