Electricity Rates in New Jersey

Electricity Rates, Plans & Statistics

Electricity Companies & Statistics in New Jersey

  • Population
    see rank
    9,288,994
  • Total Production
    see rank
    64,585,231 MWh / 6.95 MWh per capita
  • Total Consumption
    see rank
    73,203,013 MWh / 7.88 MWh per capita
  • Total Production from Renewable
    see rank
    2,160,933 MWh / 0.23 MWh per capita
  • CO2 Emissions from Consumption
    see rank
    18,953,817,807 kg / 2,040.46 kg per capita
  • Total Production from Non-Renewable
    see rank
    62,434,930 MWh / 6.72 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$0.173/kWh$0.147/kWh$198.57/mo.$74.14/mo.
40th16.64¢Average residential price per kWh in the state of New Jersey
15th$113.53Average 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 16.64 cents per kilowatt hour compared to the national average rate of 14.46 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 $113.53 per month, while the national average is $129.86. Previously, 20,062.49 megawatt hours were produced in the state from wind per year. However, now that total is 21,040 megawatt hours, a 4.87% rise. The state is home to 9,288,994 residents, making it the 11th largest state by population in the country. About 3.35% of the states' electricity is produced from renewable fuel sources, ranking them as the 47th highest state in terms of percentage of electricity produced from sustainable fuel types.

New Jersey Electricity Plans

There are 6008 plans. Plans are subject to change at any time and these may not be the plans currently offered.

Most Popular New Jersey Plans

36 Month Home Power Plan

Residential

  • Rate 15.19¢ / kWh
  • Contract Length 36 mo.
  • Effective Date Dec 2022
  • Green Energy 0%

36 Month Home Power Plan

Residential

  • Rate 12.99¢ / kWh
  • Contract Length 36 mo.
  • Effective Date Dec 2022
  • Green Energy 0%

36 Month Home Power Plan

Residential

  • Rate 11.69¢ / kWh
  • Contract Length 36 mo.
  • Effective Date Dec 2022
  • Green Energy 0%

Fixed All-In

Residential

  • Rate 19.89¢ / kWh
  • Contract Length 24 mo.
  • Effective Date Dec 2022
  • Green Energy 100%

All New Jersey Plans

36 Month Home Power Plan

Residential

  • Rate 15.19¢ / kWh
  • Contract Length 36 mo.
  • Effective Date Dec 2022
  • Green Energy 0%

36 Month Home Power Plan

Residential

  • Rate 12.99¢ / kWh
  • Contract Length 36 mo.
  • Effective Date Dec 2022
  • Green Energy 0%

36 Month Home Power Plan

Residential

  • Rate 11.69¢ / kWh
  • Contract Length 36 mo.
  • Effective Date Dec 2022
  • Green Energy 0%

Fixed All-In

Residential

  • Rate 19.89¢ / kWh
  • Contract Length 24 mo.
  • Effective Date Dec 2022
  • Green Energy 100%

Fixed All-In

Residential

  • Rate 17.19¢ / kWh
  • Contract Length 24 mo.
  • Effective Date Dec 2022
  • Green Energy 100%

Fixed All-In

Residential

  • Rate 18.39¢ / kWh
  • Contract Length 24 mo.
  • Effective Date Dec 2022
  • Green Energy 0%

Fixed All-In

Residential

  • Rate 15.69¢ / kWh
  • Contract Length 24 mo.
  • Effective Date Dec 2022
  • Green Energy 0%

Clean Power 12

Residential

  • Rate 15.19¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Dec 2022
  • Green Energy 100%

Clean Power 12

Residential

  • Rate 15.19¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Dec 2022
  • Green Energy 100%

Clean Power 12

Residential

  • Rate 13.99¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Dec 2022
  • Green Energy 100%

Clean Power 12

Residential

  • Rate 15.19¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Dec 2022
  • Green Energy 100%

Clean Power 12

Residential

  • Rate 16.69¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Dec 2022
  • Green Energy 100%

Clean Power 12

Residential

  • Rate 15.79¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Dec 2022
  • Green Energy 100%

Secure Green Choice 12

Residential

  • Rate 13.59¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Dec 2022
  • Green Energy 100%

Secure Green Choice 12

Residential

  • Rate 18.19¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Dec 2022
  • Green Energy 100%

Secure Choice 12

Residential

  • Rate 13.49¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Dec 2022
  • Green Energy 0%

Secure Green Choice 12

Residential

  • Rate 15.99¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Dec 2022
  • Green Energy 100%

Secure Choice 12

Residential

  • Rate 17.99¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Dec 2022
  • Green Energy 0%

Secure Choice 12

Residential

  • Rate 15.89¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Dec 2022
  • Green Energy 0%

Safe Harbor 36

Residential

  • Rate 18.09¢ / kWh
  • Contract Length 36 mo.
  • Effective Date Dec 2022
  • Green Energy 0%

Residential Electricity Providers in New Jersey

ProviderService TypeResidential Rate (¢)Residential Average Bill ($)Residential Sales (MWh)Residential Revenues ($)State Production (MWh)
PSEGBUNDLED17.37101.6713,223,7282,296,694,50829,824,683.57
Jersey Central Power & LightBUNDLED13.52107.618,583,9331,160,639,932
Atlantic City ElectricBUNDLED19.18130.573,702,315710,223,908
Constellation EnergyENERGY8.8277.26838,10973,891,90038,896
Orange & RocklandBUNDLED17.58161.07677,774119,169,010
Direct EnergyENERGY11.9094.11543,95864,721,900
Inspire EnergyENERGY14.75104.9267,63639,479,500
Vineland ElectricBUNDLED16.70128.56207,32434,625,800109,697
Stream EnergyENERGY11.52100.49142,33116,389,700
Sussex Rural Electric CooperativeBUNDLED12.43117.17133,770.7716,630,394.12

Commercial Electricity Providers in New Jersey

ProviderService TypeCommercial Rate (¢)Commercial Average Bill ($)Commercial Sales (MWh)Commercial Revenues ($)State Production (MWh)
PSEGBUNDLED12.86390.999,342,1901,201,463,98329,824,683.57
Constellation EnergyENERGY7.681,319.658,977,714689,570,40038,896
Strategic Energy LLCENERGY7.841,749.024,266,454334,616,000
Jersey Central Power & LightBUNDLED13.47326.152,509,946337,977,792
Atlantic City ElectricBUNDLED16.53363.841,245,907205,989,105
Hudson EnergyENERGY8.49796.93977,21882,988,800
Champion Energy ServicesENERGY6.962,178.17646,00244,983,600
Marathon EnergyENERGY8.64999.8510,18244,067,100
Plymouth Rock EnergyENERGY8.081,097.56507,19140,974,200
Orange & RocklandBUNDLED16.07516.47295,93047,562,113

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 17,867,592
PSEG Hope Creek Generating StationPSEG (100.00%)
Salem County Nuclear 10,384,455
Linden Cogen PlantAres Management (20.00%)
Linden Natural Gas 5,658,485.011,827,111,808.75322.9
Newark Energy CenterAres Management (100.00%)
Newark Natural Gas 4,348,0781,587,393,313.94365.08
Middlesex County Natural Gas 4,280,2141,569,029,141.82366.58
PSEG Linden Generating StationPSEG (100.00%)
Linden Natural Gas 4,229,704.011,697,496,028.06401.33
Sayreville Natural Gas 3,175,1061,213,932,361.04382.33
PSEG Sewaren Generating StationPSEG (100.00%)
Port Reading CDP Natural Gas 2,895,2611,060,142,728.12366.16
Bergen Generating StationPSEG (100.00%)
Ridgefield Natural Gas 1,830,524780,267,433.68426.25
West Deptford Energy StationLS Power (18.00%)
Gloucester County Natural Gas 1,794,651706,941,036.62393.92

Quick Facts

The average New Jersey consumer uses 7.88 megawatt hours of electricity per year, which ranks New Jersey as the 45th highest state for electricity consumption per capita.

As the 24th highest producer of electricity in the US, electricity plants in New Jersey produce 64,585,231.14 megawatt hours of electricity.

New Jersey generates 0.17 megawatt hours per capita per year from solar energy, giving the state a ranking of 23rd in the nation.

With 960,355.45 megawatt hours of electricity produced from coal, New Jersey is 39th in the United States for total megawatt hours produced from coal.

New Jersey produces 1,578,881.1 megawatt hours from solar energy, making it 15th in the United States for total megawatt hours produced from solar power sources.

The largest electricity company in New Jersey by total customers is PSEG.

CountyPopulationProvidersPlantsResidential Rate (¢)Residential Avg. Electric Bill
Atlantic County274,53471722.82$310.75/mo
Bergen County955,73277319.03$302.65/mo
Burlington County461,860783020.24$290.13/mo
Camden County523,48574720.89$293.19/mo
Cape May County95,26371122.82$310.75/mo
Cumberland County154,152721822.81$310.29/mo
Essex County863,72876518.09$269.73/mo
Gloucester County302,294741122.20$305.01/mo
Hudson County724,854731418.12$268.99/mo
Hunterdon County128,947731317.90$279.77/mo
Mercer County387,340761518.07$270.19/mo
Middlesex County863,162783418.04$272.28/mo
Monmouth County643,615761617.90$279.38/mo
Morris County509,28578317.89$279.29/mo
Ocean County637,229771119.14$287.56/mo
Passaic County524,11879419.20$313.76/mo
Salem County64,83771422.82$310.75/mo
Somerset County345,361761218.02$273.59/mo
Sussex County144,22176417.88$279.19/mo
Union County575,345761618.08$270.91/mo
Warren County109,632731117.90$279.77/mo

Power Plant Fuel Types, Emissions & Pollution Factors

Around 18,953,817,806.9 kilograms of CO2 emissions are released in New Jersey from electricity consumption each year. This total also can be equated to a ranking of 46th worst in the country for pollution per citizen from electricity consumption, with an average of 2,040.46 kilograms of emissions per person. Natural Gas is the primary fuel type in the state of New Jersey, with 50.34% of electricity production coming from the fuel source. Other fuel types used include Nuclear at 43.74% and Solar at 2.44%. New Jersey has 248 electricity plants, which is the 8th highest number of power plants in a state and the 28th highest amount of plants per person in a state.

NATURAL GAS
Natural Gas
Natural Gas
Natural Gas
Natural Gas
Natural Gas
Natural Gas
50.34%
NUCLEAR
Nuclear
Nuclear
Nuclear
Nuclear
Nuclear
43.74%
SOLAR
Solar
2.44%
COAL
Coal
1.49%
NON-BIOGENIC MUNICIPAL SOLID WASTE
Non-biogenic Municipal Solid Waste
0.85%
OTHER
Other
1.15%

New Jersey Net Metering

Of the 58 electricity suppliers in New Jersey, 15.52% 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 0.67%. The nationwide average for energy loss is 2.76%, resulting in a rank of 3rd 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 2022 is $114 while the nationwide average is $130.

How many electric companies offer service in New Jersey?

There are 58 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 (50.34%), Nuclear (43.74%) and solar (2.44%).

How much does electricity cost in New Jersey?

The average electric rate in New Jersey is 16.64 cents per kilowatt hour, so anything below this amount is better than most. The lowest priced provider is currently Butler Electric, at 12.28 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 248 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 Electric12.2811,762
2Sussex Rural Electric Cooperative12.4311,918
3Jersey Central Power & Light13.52986,288
4Park Ridge, New Jersey Electric Utility15.573,830
5Vineland Electric16.7025,659
6Lavallette, New Jersey Electric Utility17.222,559
7PSEG17.372,145,240
8Orange & Rockland17.5869,339
9Madison, New Jersey Electric Utility17.757,241
10Atlantic City Electric19.18500,784

Last Reviewed By: King Manalo
Published: 2022-10-09