Compare New Jersey electric rates

New Jersey energy at a glance – latest quarter

Electricity rates Cost (cents/kWh) Natural gas rates Cost (dollars/1,000 cubic feet)
Residential 15.17 Residential 9.52
Commercial 11.89 Commercial 9.21
Industrial 9.9 Industrial 7.15

Largest electricity source – natural gas, 50.3%

Why not seek low New Jersey electric rates?

Residents in New Jersey are among 15 states where residential electricity is deregulated – meaning they have a choice of suppliers from which to purchase power. That means they have the opportunity to purchase rates lower than those offered by the state’s main utilities: JCPL, PSEG, Atlantic City Electric and Rockland Electric. Energy Choice® can help!

Comparing prices is easy. Simply enter your ZIP code above and we’ll show you rates from top providers. For example, if you live in the Jersey City ZIP code of 07302, you could pay as little as 10.59 cents per kilowatt hour for electricity. The state average for January – the most recent month available from the U.S. Energy Information Administration – is 15.72 cents/kWh.

The best thing? You could be getting a leg up on your neighbors: Fewer than 17 percent of New Jersey residents take advantage of energy choice, according to a recent survey conducted by Energy Choice. Enter your ZIP code above and see if you can save!

Atlantic City Electric Rates

Plan Name Plan Length Rate
Clearview Energy – GreenValueAssurance 7 months $0.0919 / kWh
Direct Energy – Live Brighter 18 18 months $0.1009 / kWh
TriEagle Energy – Eagle 12 12 months $0.1050 / kWh
Constellation – 18 Month Home Power Plan 18 months $0.1059 / kWh
XOOM Energy – SureLock 12 ACE 12 months $0.1145 / kWh

Please note: All rates above are accurate as of 5/27/2019, 12:11:59 PM CT for utility Atlantic City Electric. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.

Jersey Central Power & Light Rates

Plan Name Plan Length Rate
Clearview Energy – ClearGreenGuarantee12 12 months $0.0889 / kWh
Constellation – 18 Month Home Power Plan 18 months $0.0899 / kWh
Direct Energy – Live Brighter 18 18 months $0.0949 / kWh
Frontier Utilities – NJ Frontier Online Premier 12 12 months $0.0990 / kWh
TriEagle Energy – Eagle 12 12 months $0.0996 / kWh
YEP Energy – 12 Month Fixed 12 months $0.1018 / kWh
XOOM Energy – SureLock 12 12 months $0.1019 / kWh

Please note: All rates above are accurate as of 5/27/2019, 12:12:01 PM CT for utility Jersey Central Power & Light. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.

Public Service Electric & Gas (PSEG) Rates

Plan Name Plan Length Rate
Clearview Energy – GreenValueAssurance 7 months $0.1009 / kWh
Direct Energy – Live Brighter 18 18 months $0.1209 / kWh
Constellation – 12 Month Green Home Power Plan 12 months $0.1229 / kWh
Frontier Utilities – NJ Frontier Online Premier 6 6 months $0.1230 / kWh
TriEagle Energy – Eagle 12 12 months $0.1292 / kWh
YEP Energy – 12 Month Fixed 12 months $0.1394 / kWh
XOOM Energy – SureLock 12 12 months $0.1415 / kWh

Please note: All rates above are accurate as of 5/27/2019, 12:12:02 PM CT for utility Public Service Electric & Gas (PSEG). Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.

Rockland Electric Company (RECO) Rates

Plan Name Plan Length Rate
Clearview Energy – ClearGreenGuarantee12 12 months $0.0999 / kWh
XOOM Energy – SureLock 12 12 months $0.1175 / kWh

Please note: All rates above are accurate as of 5/27/2019, 12:12:03 PM CT for utility Rockland Electric Company (RECO). Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.

What you should know if you’re moving to New Jersey

If you’re moving to New Jersey, you should know that it’s one of 15 states where energy is deregulated. What does that mean? It means customers can select their energy providers. Suppliers compete for customers on price and such features as renewable energy mix, plan length and plan type. Enter your ZIP code above to see what’s available in your area.

Regardless of which provider you pick, the electricity will be delivered to your home by a utility, which is responsible for maintaining and repairing power lines. If you lose power, call that utility.

New Jersey energy deregulation: The history

New Jersey passed the Electric Discount and Energy Competition Act in 1999, kicking off the energy deregulation process for New Jersey consumers. Through the EDECA, New Jersey residents won the right to choose electricity and natural gas plans based on competitive rates and personal budgets.

Since the New Jersey energy market was deregulated, residents have had the opportunity to save on their energy supply rates by exploring energy plans that align with their lifestyles through the Energy Choice marketplace.

Who provides the electricity?

In New Jersey’s deregulated energy market, energy suppliers provide the electricity, and utility companies deliver the electricity to your home or business. When you purchase a plan through the Energy Choice marketplace, your new supplier will communicate with your local utility company so that your gas or electricity is delivered without power interruptions.

If you have power emergencies or outages, contact your local utility company – not your electricity supplier!

I’m ready to look for a deregulated energy plan! Now what?

Now that you have all the facts, you can make a great choice. Simply enter your New Jersey ZIP code above to find a rate, plan type, and term length that fits your lifestyle and budget. Homeowners, commercial business owners and small business operators can purchase deregulated energy plans through Energy Choice – start exploring!

 

(Last updated 4/25/2019)

“I’m excited to go green, but even more excited that it’s cheaper than my old rate! Plus, I locked in a fixed rate for six months.”

Electricity and natural gas suppliers