New Jersey Electricity Rates & Average Electricity Bills

Electricity Rates in New Jersey

Electricity Rates, Plans & Statistics

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Electricity Companies & Statistics in New Jersey

  • Population
    see rank
    9,261,699
  • Total Production
    see rank
    65,497,989 MWh / 7.07 MWh per capita
  • Total Consumption
    see rank
    71,120,380 MWh / 7.68 MWh per capita
  • Total Production from Renewable
    see rank
    2,175,403 MWh / 0.23 MWh per capita
  • CO2 Emissions from Consumption
    see rank
    17,469,129,226 kg / 1,886.17 kg per capita
  • Total Production from Non-Renewable
    see rank
    63,334,240 MWh / 6.84 MWh per capita
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Average Residential Electricity Bills & Rates in New Jersey

New Jersey residential electric rates are highest in January and the highest average bill is in June.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.185/kWh$0.147/kWh$198.57/mo.$72.78/mo.
39th17.86¢Average residential price per kWh in the state of New Jersey
16th$115.8Average residential monthly electricity bill for New Jersey Residents

New Jersey Electricity Fuel Mix

New Jersey's Electricity Prices and Usage

Consumers in New Jersey are faced with a higher residential electricity rate than most people around the US, with an average state electricity rate of 17.86 cents per kilowatt hour compared to the national average rate of 16.02 cents. The state operates a deregulated electricity market, where consumers are able to choose between multiple electricity vendors out of the over 60 providers that operate in the state. The average monthly residential electric bill for a customer in New Jersey is $115.8 per month, while the national average is $138.3. Solar power usage for electricity generation in the state has increased by 7.79% in the past year. PSEG is the largest electricity provider in the state based on total residential customers. The state is the 11th largest state in the nation, with a population of 9,261,699.

New Jersey Electricity Plans

There are 25617 plans. Plans are subject to change at any time and these may not be the plans currently offered.

Most Popular New Jersey Plans

Safe Harbor 18

Residential

  • Rate 15.13¢ / kWh
  • Contract Length 18 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Safe Harbor 18

Residential

  • Rate 11.59¢ / kWh
  • Contract Length 18 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Safe Harbor 18

Residential

  • Rate 13.67¢ / kWh
  • Contract Length 18 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Secure Green Choice 12

Residential

  • Rate 11.09¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 100%

All New Jersey Plans

Safe Harbor 18

Residential

  • Rate 15.13¢ / kWh
  • Contract Length 18 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Safe Harbor 18

Residential

  • Rate 11.59¢ / kWh
  • Contract Length 18 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Safe Harbor 18

Residential

  • Rate 13.67¢ / kWh
  • Contract Length 18 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Secure Green Choice 12

Residential

  • Rate 11.09¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 100%

Secure Green Choice 12

Residential

  • Rate 12.99¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 100%

Secure Choice 12

Residential

  • Rate 14.59¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Secure Choice 12

Residential

  • Rate 12.89¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Secure Choice 12

Residential

  • Rate 10.99¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Secure Green Choice 12

Residential

  • Rate 14.69¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 100%

Clean Power 12

Residential

  • Rate 10.99¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 100%

Clean Power 12

Residential

  • Rate 14.19¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 100%

Clean Power 12

Residential

  • Rate 14.19¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 100%

Clean Power 12

Residential

  • Rate 12.79¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 100%

Clean Power 12

Residential

  • Rate 14.19¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 100%

Clean Power 12

Residential

  • Rate 14.19¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 100%

36 Month Home Power Plan

Residential

  • Rate 15.19¢ / kWh
  • Contract Length 36 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

36 Month Home Power Plan

Residential

  • Rate 13.29¢ / kWh
  • Contract Length 36 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

36 Month Home Power Plan

Residential

  • Rate 11.99¢ / kWh
  • Contract Length 36 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Safe Harbor 24

Residential

  • Rate 15.80¢ / kWh
  • Contract Length 24 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Safe Harbor 24

Residential

  • Rate 13.79¢ / kWh
  • Contract Length 24 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Residential Electricity Providers in New Jersey

ProviderService TypeResidential Rate (¢)Residential Average Bill ($)Residential Sales (MWh)Residential Revenues ($)State Production (MWh)
PSEGBUNDLED18.93102.8112,710,209.852,405,874,16525,650,597.98
Jersey Central Power & LightBUNDLED14.06107.258,712,410.71,224,563,910
Atlantic City ElectricBUNDLED21.08139.193,712,735.97782,460,051
Orange & RocklandBUNDLED18.90169.54679,376.74128,403,809
Inspire EnergyENERGY17.25117.53262,685.5345,313,695.61
Vineland ElectricBUNDLED17.79128.81196,525.1234,967,352.01126,836
Direct EnergyENERGY14.8189.24165,179.124,462,814.86
Sussex Rural Electric CooperativeBUNDLED13.19123.47133,557.6317,617,511.56
Constellation EnergyENERGY11.41172.86122,676.5513,995,928.3840,129
Butler ElectricBUNDLED11.2687.0495,103.1610,708,428.36

Commercial Electricity Providers in New Jersey

ProviderService TypeCommercial Rate (¢)Commercial Average Bill ($)Commercial Sales (MWh)Commercial Revenues ($)State Production (MWh)
PSEGBUNDLED14.00433.9410,124,318.71,417,010,04925,650,597.98
Constellation EnergyENERGY9.251,699.218,485,289.25784,677,323.1440,129
Strategic Energy LLCENERGY9.182,256.514,072,250.48373,637,957.12
Jersey Central Power & LightBUNDLED13.65358.012,929,417.67399,722,989
Atlantic City ElectricBUNDLED17.51427.741,543,042.87270,217,309
Hudson EnergyENERGY10.49926.93509,213.1953,391,957.78
Champion Energy ServicesENERGY9.222,679.5483,322.4344,554,764.02
Marathon EnergyENERGY10.061,713.59383,683.5838,605,422.51
Orange & RocklandBUNDLED16.51560.58334,618.5355,249,712
Plymouth Rock EnergyENERGY10.461,355.62280,916.9629,391,118.54

Power Plants in New Jersey

PlantCity/CountyPrimary Fuel TypeProduction (MWh)Emission (KG)Emissions/MWh (KG/MWh)Toxic Chemical ReleaseClosing Date
PSEG Salem Generating StationPSEG (57.41%)Exelon Corporation (42.59%)
Salem County Nuclear 18,419,613
PSEG Hope Creek Generating StationPSEG (100.00%)
Salem County Nuclear 9,847,098
Linden Cogen PlantAres Management (20.00%)
Linden Natural Gas 5,764,3671,847,442,063.96320.49
PSEG Linden Generating StationPSEG (99.67%)0HAM WHAM8 Solar (0.33%)
Linden Natural Gas 5,124,4522,026,244,415.34395.41
Newark Energy CenterAres Management (100.00%)
Newark Natural Gas 4,158,8001,544,944,836.4371.49
Middlesex County Natural Gas 4,056,0581,485,120,641.48366.15
Sayreville Natural Gas 3,316,8941,272,460,194.04383.63
PSEG Sewaren Generating StationSewaren Generating Station (100.00%)
Port Reading CDP Natural Gas 3,130,1631,149,504,964.14367.23
Bergen Generating StationBergen Generating Station (100.00%)
Ridgefield Natural Gas 2,701,0591,145,654,385.6424.15
West Deptford Energy StationLS Power (18.00%)
Gloucester County Natural Gas 2,092,531831,519,814.72397.38

Quick Facts

New Jersey ranks 44th in the US for electricity consumption per capita, with residents consuming 7.68 megawatt hours per person per year.

New Jersey saw a 1.65% rise in CO2 emissions per capita during the course of the most recent year.

With a 0.06% drop in the previous 12 months, The state of New Jersey's population is estimated to be 9,261,699.

New Jersey is 16th in nation for generation per capita from nuclear power, averaging 3.05 megawatt hours generated from nuclear plants.

New Jersey is 43rd highest in the nation for electricity generation from wind per capita, averaging 0 megawatt hours per person produced from wind.

New Jersey is ranked 24th in the United States for electricity generation, producing 65,497,988.71 megawatt hours.

CountyPopulationProvidersPlantsResidential Rate (¢)Residential Avg. Electric Bill
Atlantic County275,638671429.25$186.41/mo
Bergen County952,99773625.46$174.17/mo
Burlington County466,103743426.58$167.02/mo
Camden County524,907701827.19$169.65/mo
Cape May County95,63467329.25$186.41/mo
Cumberland County151,356682129.18$186.06/mo
Essex County849,477721224.24$147.24/mo
Gloucester County306,601701628.58$180.97/mo
Hudson County703,366692024.21$145.54/mo
Hunterdon County129,777691524.48$159.99/mo
Mercer County380,688722324.25$148.28/mo
Middlesex County861,418745424.30$150.49/mo
Monmouth County644,098721924.47$159.66/mo
Morris County511,151741024.46$159.71/mo
Ocean County655,735731425.68$166.64/mo
Passaic County513,93675525.77$183.76/mo
Salem County65,11767629.25$186.41/mo
Somerset County346,875721924.33$151.97/mo
Sussex County146,08472724.41$160.59/mo
Union County569,815721824.26$148.36/mo
Warren County110,926691424.48$159.99/mo

Power Plant Fuel Types, Emissions & Pollution Factors

Around 17,469,129,225.92 kilograms of CO2 emissions are released in New Jersey from electricity consumption each year. This total also can be equated to a ranking of 48th worst in the country for pollution per citizen from electricity consumption, with an average of 1,886.17 kilograms of emissions per person. Natural Gas is the primary fuel type in the state of New Jersey, with 52.32% of electricity production coming from the fuel source. Other fuel types used include Nuclear at 43.16% and Solar at 2.51%. New Jersey has 357 electricity plants, which is the 7th highest number of power plants in a state and the 24th highest amount of plants per person in a state.

NATURAL GAS
Natural Gas
Natural Gas
Natural Gas
Natural Gas
Natural Gas
Natural Gas
52.32%
NUCLEAR
Nuclear
Nuclear
Nuclear
Nuclear
Nuclear
43.16%
SOLAR
Solar
2.51%
NON-BIOGENIC MUNICIPAL SOLID WASTE
Non-biogenic Municipal Solid Waste
0.86%
BIOGENIC MUNICIPAL SOLID WASTE
Biogenic Municipal Solid Waste
0.71%
OTHER
Other
0.46%

New Jersey Net Metering

Of the 60 electricity suppliers in New Jersey, 13.33% of them report that they offer net metering. New Jersey has highly favorable regulations in place for consumers who are interested in taking advantage of net metering with solar installations.

Energy Loss

The state has 4 providers who are reporting energy loss. The average energy loss for these suppliers is 1.92%. The nationwide average for energy loss is 2.87%, resulting in a rank of 6th best in the US for New Jersey in this category.

Solar Taxes And Rebates

State governments can encourage private residents to consider installing home solar panels by issuing tax breaks and rebates. New Jersey currently offers no state tax credit to consumers who install solar panels at their place of residence. The state has no all encompassing rebate program, but local rebates are available to many residents who wish to purchase private solar panels at their home. Fortunately, New Jersey offers a 100% tax exemption to citizens who wish to purchase private solar. The state provides a 100% sales tax exemption to anyone who install private solar panels. This is great for people in the state.

State Level Initiatives

Policies enforced at the state level determine whether customers in a state can afford to install personal solar systems or shop for electric plans that are based on renewable fuels. Renewable Portfolio Standards (RPS) encourage or require electricity companies to produce a certain amount of their electricity using green energy. The state of New Jersey has made strong efforts to create an RPS program that requires at least 25% of electricity production to come from renewable energy sources.

Learn about going solar in New Jersey, find out which system size is best for you, compare local installers and see which incentives are available in your area.

Deregulated Cities in New Jersey

FAQ: Common Questions About Electricity in New Jersey

What is the average electric bill in New Jersey?

The average electricity bill in the state of New Jersey in 2024 is $116 while the nationwide average is $138.

How many electric companies offer service in New Jersey?

There are 60 electricity suppliers operating in New Jersey.

What electricity company is the largest provider in New Jersey?

The largest electricity supplier in New Jersey by megawatt hours sold is PSEG.

Where does New Jersey get its electricity?

Fuel types used for electricity production in New Jersey include Natural Gas (52.32%), Nuclear (43.16%) and solar (2.51%).

How much does electricity cost in New Jersey?

The average electric rate in New Jersey is 17.86 cents per kilowatt hour, so anything below this amount is better than most. The lowest priced provider is currently Butler Electric, at 11.26 cents per kilowatt hour.

Does New Jersey have a deregulated electricity market?

Yes, the state has a deregulated electricity market. This means that consumers in the state can choose from multiple electricity providers to supply their electricity.

How many power plants are within New Jersey?

There are 357 electricity plants located in New Jersey.

What electricity companies offer service in New Jersey?

What is the cheapest electricity company in New Jersey?

Residential Rate RankProviderResidential Rate (¢)State Customers
1Butler Electric11.2611,770
2Sussex Rural Electric Cooperative13.1911,981
3Jersey Central Power & Light14.061,045,784
4Park Ridge, New Jersey Electric Utility16.993,861
5Vineland Electric17.7925,891
6Lavallette, New Jersey Electric Utility18.172,559
7Orange & Rockland18.9071,340
8PSEG18.932,229,125
9Madison, New Jersey Electric Utility19.326,785
10South River, New Jersey Electric Utility20.836,454

King Manalo
Last Reviewed By: King Manalo
Published: 2024-05-24