Electricity Rates in New Jersey

Electricity Rates, Plans & Statistics

Electricity Companies & Statistics in New Jersey

  • Population
    see rank
    9,267,130
  • Total Production
    see rank
    65,478,234 MWh / 7.07 MWh per capita
  • Total Consumption
    see rank
    73,039,745 MWh / 7.88 MWh per capita
  • Total Production from Renewable
    see rank
    2,190,014 MWh / 0.24 MWh per capita
  • CO2 Emissions from Consumption
    see rank
    18,135,528,316 kg / 1,956.97 kg per capita
  • Total Production from Non-Renewable
    see rank
    63,300,197 MWh / 6.83 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.$72.78/mo.
40th16.84¢Average residential price per kWh in the state of New Jersey
13th$113.07Average 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 16.84 cents per kilowatt hour compared to the national average rate of 15.34 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 national average monthly residential electric bill is $137.45, while the New Jersey average is $113.07 per month. New Jersey ranks 13th in the United States for lowest average electricity bill total. The state is ranked 47th in the country for percentage of electricity generated from renewable fuel types, creating 3.34% of their electricity from these sustainable sources. As the 45th highest polluting state in the US based on pollution per person from electricity use, New Jersey customers create emissions of 1,956.97 kilograms of CO2 emissions each. The state has seen a 15.81% increase in electricity produced from solar fields during the course of the past year.

New Jersey Electricity Plans

There are 22899 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 11.50¢ / kWh
  • Contract Length 18 mo.
  • Effective Date Jun 2023
  • Green Energy 0%

Safe Harbor 18

Residential

  • Rate 13.19¢ / kWh
  • Contract Length 18 mo.
  • Effective Date Jun 2023
  • Green Energy 0%

Safe Harbor 18

Residential

  • Rate 14.89¢ / kWh
  • Contract Length 18 mo.
  • Effective Date Jun 2023
  • Green Energy 0%

18 Month Home Power Plan

Residential

  • Rate 14.29¢ / kWh
  • Contract Length 18 mo.
  • Effective Date Jun 2023
  • Green Energy 0%

All New Jersey Plans

Safe Harbor 18

Residential

  • Rate 11.50¢ / kWh
  • Contract Length 18 mo.
  • Effective Date Jun 2023
  • Green Energy 0%

Safe Harbor 18

Residential

  • Rate 13.19¢ / kWh
  • Contract Length 18 mo.
  • Effective Date Jun 2023
  • Green Energy 0%

Safe Harbor 18

Residential

  • Rate 14.89¢ / kWh
  • Contract Length 18 mo.
  • Effective Date Jun 2023
  • Green Energy 0%

18 Month Home Power Plan

Residential

  • Rate 14.29¢ / kWh
  • Contract Length 18 mo.
  • Effective Date Jun 2023
  • Green Energy 0%

18 Month Home Power Plan

Residential

  • Rate 12.59¢ / kWh
  • Contract Length 18 mo.
  • Effective Date Jun 2023
  • Green Energy 0%

18 Month Home Power Plan

Residential

  • Rate 11.39¢ / kWh
  • Contract Length 18 mo.
  • Effective Date Jun 2023
  • Green Energy 0%

Secure Choice 12

Residential

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

Secure Choice 12

Residential

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

Secure Green Choice 12

Residential

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

Secure Green Choice 12

Residential

  • Rate 11.39¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Jun 2023
  • Green Energy 100%

Secure Choice 12

Residential

  • Rate 11.29¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Jun 2023
  • Green Energy 0%

Secure Green Choice 12

Residential

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

36 Month Home Power Plan

Residential

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

36 Month Home Power Plan

Residential

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

36 Month Home Power Plan

Residential

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

Clean Power 12

Residential

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

Clean Power 12

Residential

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

Clean Power 12

Residential

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

Clean Power 12

Residential

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

Clean Power 12

Residential

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

Residential Electricity Providers in New Jersey

ProviderService TypeResidential Rate (¢)Residential Average Bill ($)Residential Sales (MWh)Residential Revenues ($)State Production (MWh)
PSEGBUNDLED17.5499.5512,980,8492,276,414,55330,695,153.69
Jersey Central Power & LightBUNDLED13.55106.888,720,9401,182,066,261
Atlantic City ElectricBUNDLED19.38130.93,720,299721,126,219
Orange & RocklandBUNDLED17.68163.88690,909122,147,017
Constellation EnergyENERGY8.7589.25473,49241,448,60038,666
Inspire EnergyENERGY14.01103.8253,61935,535,700
Vineland ElectricBUNDLED16.50130.63214,72235,439,700123,910
Sussex Rural Electric CooperativeBUNDLED12.42117.57135,037.6216,776,207.06
Stream EnergyENERGY12.1598.14119,97114,574,000
Direct EnergyENERGY14.5499.28112,62216,375,800

Commercial Electricity Providers in New Jersey

ProviderService TypeCommercial Rate (¢)Commercial Average Bill ($)Commercial Sales (MWh)Commercial Revenues ($)State Production (MWh)
PSEGBUNDLED13.48425.629,967,5061,343,419,21330,695,153.69
Constellation EnergyENERGY8.031,465.589,161,009735,488,90038,666
Strategic Energy LLCENERGY7.771,609.284,166,564323,562,800
Jersey Central Power & LightBUNDLED13.28366.642,989,763397,186,394
Atlantic City ElectricBUNDLED16.88427.731,514,019255,558,488
Hudson EnergyENERGY9.00837.84776,35469,845,400
Champion Energy ServicesENERGY6.752,415.55588,72939,740,700
Plymouth Rock EnergyENERGY8.601,102.79433,20137,252,100
Marathon EnergyENERGY8.821,205.09409,76236,123,800
Orange & RocklandBUNDLED16.35543.49310,99850,842,486

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 19,133,147
PSEG Hope Creek Generating StationPSEG (100.00%)
Salem County Nuclear 9,197,061
PSEG Linden Generating StationPSEG (100.00%)
Linden Natural Gas 5,291,2512,103,782,946.34397.6
Linden Cogen PlantAres Management (20.00%)
Linden Natural Gas 5,187,6441,669,710,527.75321.86
Middlesex County Natural Gas 4,630,3201,684,783,033.78363.86
Newark Energy CenterAres Management (100.00%)
Newark Natural Gas 4,459,5931,620,062,409363.28
Sayreville Natural Gas 3,195,9631,222,558,908.9382.53
PSEG Sewaren Generating StationPSEG (100.00%)
Port Reading CDP Natural Gas 2,896,5021,052,295,592.03363.3
West Deptford Energy StationLS Power (18.00%)
Gloucester County Natural Gas 2,146,012844,494,364.28393.52
Bergen Generating StationPSEG (100.00%)
Ridgefield Natural Gas 2,053,165884,233,727.4430.67

Quick Facts

The average New Jersey consumer uses 7.88 megawatt hours of electricity per year, which ranks New Jersey as the 44th highest state for electricity consumption per capita.

The state of New Jersey is the 24th largest generator of electricity in the country, producing 65,478,234.49 megawatt hours.

New Jersey produces 1,630,180.74 megawatt hours from solar energy, making it 17th in the US for total megawatt hours generated by solar power.

Nuclear power accounts for 28,330,208 megawatt hours a year in New Jersey, which is 3.06 megawatt hours per capita.

New Jersey has seen an uptick of about 4.83% in power produced by wind.

New Jersey uses non-renewable fuels to produce 6.83 megawatt hours per citizen, making them the 35th highest state for non-renewable production per capita.

CountyPopulationProvidersPlantsResidential Rate (¢)Residential Avg. Electric Bill
Atlantic County273,865711424.20$170.70/mo
Bergen County952,97977620.14$150.67/mo
Burlington County460,102783321.50$149.63/mo
Camden County521,194741322.17$153.02/mo
Cape May County95,48871324.20$170.70/mo
Cumberland County154,921722124.18$170.60/mo
Essex County852,720761219.24$129.20/mo
Gloucester County300,821741623.55$165.01/mo
Hudson County713,264732019.27$127.90/mo
Hunterdon County128,807731419.07$138.94/mo
Mercer County384,951762319.23$130.00/mo
Middlesex County858,770785519.20$131.67/mo
Monmouth County642,160761819.07$138.70/mo
Morris County508,34778919.07$138.75/mo
Ocean County630,057771420.37$146.94/mo
Passaic County521,06779520.31$158.54/mo
Salem County64,75271624.20$170.70/mo
Somerset County343,950761819.18$132.81/mo
Sussex County144,49276719.04$139.51/mo
Union County571,963761819.23$130.05/mo
Warren County109,354731419.07$138.94/mo

Power Plant Fuel Types, Emissions & Pollution Factors

Around 18,135,528,316.43 kilograms of CO2 emissions are released in New Jersey from electricity consumption each year. This total also can be equated to a ranking of 45th worst in the country for pollution per citizen from electricity consumption, with an average of 1,956.97 kilograms of emissions per person. Natural Gas is the primary fuel type in the state of New Jersey, with 51.81% of electricity production coming from the fuel source. Other fuel types used include Nuclear at 43.27% and Solar at 2.49%. New Jersey has 345 electricity plants, which is the 7th highest number of power plants in a state and the 23rd highest amount of plants per person in a state.

NATURAL GAS
Natural Gas
Natural Gas
Natural Gas
Natural Gas
Natural Gas
Natural Gas
51.81%
NUCLEAR
Nuclear
Nuclear
Nuclear
Nuclear
Nuclear
43.27%
SOLAR
Solar
2.49%
NON-BIOGENIC MUNICIPAL SOLID WASTE
Non-biogenic Municipal Solid Waste
0.80%
BIOGENIC MUNICIPAL SOLID WASTE
Biogenic Municipal Solid Waste
0.65%
OTHER
Other
1.00%

New Jersey Net Metering

Of the 60 electricity suppliers in New Jersey, 15.00% 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 3 providers who are reporting energy loss. The average energy loss for these suppliers is 0.93%. The nationwide average for energy loss is 2.45%, 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 2023 is $113 while the nationwide average is $137.

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 (51.81%), Nuclear (43.27%) and solar (2.49%).

How much does electricity cost in New Jersey?

The average electric rate in New Jersey is 16.84 cents per kilowatt hour, so anything below this amount is better than most. The lowest priced provider is currently Butler Electric, at 11.78 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 345 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 Electric11.7811,732
2Sussex Rural Electric Cooperative12.4211,981
3Jersey Central Power & Light13.551,013,188
4Park Ridge, New Jersey Electric Utility14.943,830
5Vineland Electric16.5025,856
6Lavallette, New Jersey Electric Utility17.412,553
7PSEG17.542,175,543
8Orange & Rockland17.6869,922
9Madison, New Jersey Electric Utility17.887,491
10South River, New Jersey Electric Utility19.336,447

King Manalo
Last Reviewed By: King Manalo
Published: 2023-04-10