Lavallette, New Jersey Electric Utility

About Lavallette, New Jersey Electric Utility

Lavallette, New Jersey Electric Utility is a municipally owned organization providing electricity in Lavallette, New Jersey and other areas of Ocean County. There are 2,566 customers of the company. Exactly 159 of them are commercial accounts and 2,407 of them are residential properties. Lavallette, New Jersey Electric Utility charges their customers a residential electricity rate of 16.98 cents per kilowatt hour on average. This is 2.95% less than the state's average rate of 17.50 cents, which ranks the supplier 11th out of 21 providers in New Jersey for best average electricity rate. Of the 21,435 megawatt hours Lavallette, New Jersey Electric Utility sold and dispossessed, 85.50% were from sales to end users. During the same timeframe, the company obtained 21,435 megawatt hours via wholesale electricity channels. They made $3,050,000 in 2019 from electricity sales to end users alone.

The average monthly residential electricity bill for a customer of Lavallette, New Jersey Electric Utility is $86.68 per month, while the New Jersey average is $107.66. Patrons of the supplier pay 15.81% less compared to other residents of New Jersey. The supplier currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end consumers.